"We became aware of a non-client plan sponsor who needs a 5500 audit for 2022. This is not our TPA client. The plan is bundled with ADP. The plan sponsor contacted us for a plan audit. The plan was small for 2021 but went well over 120 as of 01/01/2022. The 5500 for 202 has not been filed. ADP prepared the 5500 and I'm guessing takes the position -- we posted it on our website and sent an email to the plan sponsor. I've seen that before with another bundled provider. And I realize plan sponsors need to be alert to deadlines as they are ultimately responsible. My question is ... should the 5500 be filed now without the audit report? I'm told the audit will not be completed for a month. I'd like to get the DFVC penalty paid before the IRS catches the late filing.... What do you think about filing the 5500 now without the audit report and amending a month later with the report?"

"Participant defers $20,000 in Roth and $18,500 in pretax for 2022. Obviously, we are beyond the 4/15/2023 deadline. Does the participant have the option to tax the excess from Roth? What were the tax consequences on the 2022 filing? Did they have to claim the pretax as excess? Which source is the better option to take the distribution from?"

"I have an plan with a 10/1 plan year end date. When I file an extension for the 5500, is the extended filing due by 7/16, or can I count the entire month of October, through 10/31, and ask for an extension to 8/15?"

"I've seen conflicting things on this. Is it 100% known yet whether or not this administrative horror show is mandatory or optional?"