Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

What a Difference a Digit Makes: Wrong EIN Used on Form 5500 Since 2007
BenefitsLink Message Boards Link to more items from this source
July 24, 2018
Traditional 401(k) plan has been in effect since 2006. For the first year, the plan was filed using the correct EIN. The following year (and each year since) the plan was filed using an incorrect EIN (off by one number). They even received a delinquent filing notice from the IRS back in 2007 due to the incorrect EIN situation. What would be the correction here? Would the plan need to: [1] Amend all 5500s back to 2007? If yes, how would the 2017 filing be handled? Would they need to indicate a "change" in Q.4 on the Form 5500, indicating a change in the name and/or EIN of the plan sponsor? (If the name and/or EIN of the plan sponsor or the plan name has changed since the last return/report filed for this plan, enter the plan sponsor's name, EIN, the plan name and the plan number from the last return/report:). [2] Just indicate the "change" in Q.4 and move forward, not amending any past filings? [3] Use DFVCP?

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.