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

Featured Jobs

Senior Defined Benefits Consultant

Loren D. Stark Company

Loren D. Stark Company logo

Retirement Plan Administrator - Senior Associate

(Norfolk VA)

PBMares logo

Client Service Specialist

EPIC Retirement Plan Services
(Remote / Norwich NY)

EPIC Retirement Plan Services logo

Retirement Plan Administrator

Excellent TPA

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Pension Consultant

Randall & Hurley, Inc.
(Remote / Liberty Lake WA / Helena MT)

Randall & Hurley, Inc. logo

Plan Compliance Analyst (Administrator)


RPA 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 image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Plan No Longer Subject to ERISA - No More 5500s Required?
BenefitsLink Message BoardsLink to more items from this source
Dec. 9, 2021

"Client recently discovered they qualify for exemption from 5500 filing as a governmental plan. They currently sponsor an ERISA-exempt 403(b) plan (employee deferrals only) and 401(a) plan with only employer contributions for which they have been filing a 5500. Based on newly discovered governmental plan status they want to freeze the 401(a) plan and have participants rollover their accounts through in-service distributions to the 403(b) plan in 2022. If there are some participants that choose not to rollover their accounts and there are assets still in the plan for the 2022 plan year, what do we do for the 5500?"

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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.