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Posted by Steve Pope on July 1, 2006, 4:37 pm
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I am filing 5500EZ for the first time. It is for a
one-participant plan that started out as a combination
Keogh, was restated ("GUST Converted") to a QRP, then again
restated to a Solo 401(k). The plan assets first exceeded
$100,000 during 2005, hence the requirement to file. The
plan resides at Charles Schwab based on adopting their
prototype plans. Plan year is calendar year.
Line 2(b) and 3(b), employer EIN and plan administrator EIN
-- is it okay that these be the same number (the EIN I've
always associated with this plan, since it was a Keogh)? Or
does a plan administrator need to have a separate EIN?
Line 6 -- is "profit sharing plan" correct? It seems more
applicable than ESOP, money-purchase plan, or stock bonus
plan.
Line 10b -- "Enter the total cash contributions receive by
the plan during the year and the contributions owed to the
plan at the end of the plan year". I made part of my 2005
contribution in 2005, and part in 2006. Do I include only
the first part, or both?
Thanks much,
Steve
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