taxmap/pubs/p560-021.htm#en_us_publink10009051You may have to file an annual return/report form by the last day of the 7th month after the plan year ends. See the following list of forms to choose the right form for your plan.
taxmap/pubs/p560-021.htm#en_us_publink1000238985Form 5500-SF is a new simplified annual reporting form. You can use Form 5500-SF if the plan meets all the following conditions.
- The plan is a small plan (generally fewer than 100 participants at the beginning of the plan year).
- The plan meets the conditions for being exempt from the requirements that the plan's books and records be audited by an independent qualified public accountant.
- The plan has 100% of its assets invested in certain secure investments with a readily determinable fair value.
- The plan holds no employer securities.
- The plan is not a multiemployer plan.
If your plan is required to file an annual/report but is not eligible to file Form 5500-SF, the plan must file Form 5500 or Form 5500-EZ, as appropriate. For more details, see the Instructions for Form 5500-SF.
taxmap/pubs/p560-021.htm#en_us_publink10009052You may be able to use Form 5500-EZ if the plan is a one-participant plan, as defined below.
taxmap/pubs/p560-021.htm#en_us_publink10009053Your plan is a one-participant plan if either of the following is true.
- The plan covers only you (or you and your spouse) and you (or you and your spouse) own the entire business (whether incorporated or unincorporated).
- The plan covers only one or more partners (or partner(s) and spouse(s)) in a business partnership.
A One-participant plan may not file an annual return on Form 5500 for 2009. Every one-participant plan required to file an annual return for 2009 must file either Form 5500-EZ or, if eligible, Form 5500-SF. See the Instructions for Form 5500.
taxmap/pubs/p560-021.htm#en_us_publink10009054If your one-participant plan (or plans) had total assets of $250,000 or less at the end of the plan year, then you do not have to file Form 5500-EZ for that plan year. All plans should file a Form 5500-EZ for the final plan year to show that all plan assets have been distributed.
taxmap/pubs/p560-021.htm#en_us_publink10009055You are a sole proprietor and your plan meets all the conditions for filing Form 5500-EZ. The total plan assets are more than $250,000. You should file Form 5500-EZ or Form 5500-SF, if eligible.
 | All one-participant plans should file Form 5500-EZ for their final plan year, even if the total plan assets have always been less than $100,000 for plans beginning on or before December 31, 2006, and $250,000 for plans beginning on or after January 1, 2007. The final plan year is the year in which distribution of all plan assets is completed. |
taxmap/pubs/p560-021.htm#en_us_publink10009058If you do not meet the requirements for filing Form 5500-EZ or Form 5500-SF and a return/report is required, you must file Form 5500.
taxmap/pubs/p560-021.htm#en_us_publink10009060If you terminate your plan and are the plan sponsor or plan administrator, you can file Form 5310, Application for Determination for Terminating Plan. Your application must be accompanied by the appropriate user fee and Form 8717, User Fee for Employee Plan Determination, Opinion, and Advisory Letter Request.
taxmap/pubs/p560-021.htm#en_us_publink10009061For more information about reporting requirements, see the forms and their instructions.
Previous Page |
Table of Contents |
Index |
Next Page 
