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Plan Sponsors Made Errors in Majority of Final Form 5500 Returns
Wolters Kluwer Law & Business Link to more items from this source
June 24, 2014
"Over 90% of the responses showed sponsors made one or more of the following errors on their Form 5500: [1] Filed a Form 5500 marked the final return/report but had assets at the end of the plan year.... [2] Filed more than one Form 5500 marked the final return/report.... [3] Distributed all plan assets after the end of the plan year but before filing the Form 5500.... [4] Didn't check the 'short plan year return/report (less than 12 months)' box.... [5] Filed a Form 5500 for a Simplified Employee Pension (SEP) plan or an IRA."

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