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| Solo 401k |
The Internal Revenue Service (IRS) announced that filers who have made a concerted effort to locate missing participants due benefit payments will enjoy a lower reporting burden associated with the missing individuals.
Plan sponsors, going forward, until further guidance guidance, “do not need to report on Lines 4I of the Schedule H and I to the Form 5500 and 10f of the Form 5500-SF unpaid required minimum distribution (RMD) amounts for participants who have retired or separated from service, or their beneficiaries, who cannot be located after reasonable efforts or where the plan is in the process of making reasonable contacting efforts at the end of the plan year reporting period.”
Solo 401k Plan: Your Opportunity for Checkbook Control of Your Future
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