Employee Plans Compliance Unit (EPCU) - Current Projects - Final Return with Assets


Why did I receive an EPCU Compliance Check Letter?

You filed a Form 5500 series return indicating the return was a Final Return, yet the return reflected assets at the end of the plan year. The Final Return box should not be marked if you are reporting plan assets at the end of the plan year. A Form 5500 series return is required to be filed until all assets are distributed and/or transferred to another plan.

What is the EPCU attempting to determine?

We want to clarify why the return was marked as a Final Return when there were still plan assets at the end of the plan year.

What actions do I need to take?

Review your Form 5500 series returns filed at www.efast.dol.gov. If you are a one-participant plan and did not file a Form 5500-SF on www.efast.dol.gov, then review your copy of Form 5500-EZ filed with the Internal Revenue Service. Amend any Form 5500 series return that reflects inaccurate information. Complete the Information Request and return it by fax or postal mail to the person listed on the compliance contact letter. You may also furnish any other documents or clarifying material that you believe will be helpful for us to review. Please make every effort to provide a complete, accurate and timely response.

Note - If you are required to file any delinquent returns and are utilizing one of the delinquent filing programs, please make sure to file all delinquent filings in one submission. You may wish to contact the person listed on the compliance contact letter prior to filing your delinquent returns, if applicable.

If You Have Questions

Please contact the person listed on the cover letter with questions about this project.

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