Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
No Ifs, Ands, or Buts: All ROBS Plans Must File a Form 5500
KLB Benefits Law Group [Guidance Overview] Mar. 22, 2023 "A narrow exception to the Form 5500 filing requirement is for a plan that only covers a company owner (or an owner and the owner's spouse) and that has less than a certain amount of plan assets.... While it may seem possible for a ROBS plan to meet both of these conditions, in fact, the ownership condition for the exception cannot be met by any ROBS plan ... Because the ROBS owner owns the company indirectly, through their plan account, they can never be the only owner of the company sponsoring the plan." |
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). |