LWilson
Jul 22 2002, 08:24 AM
Pardon my 403(B) ignorance - this is my first.
We have a client that put a 403(B) in place in December 2001. We have been asked to complete their 2001 5500, and I understand 403(B)s just don't fall under the same complex rules that ERISA plans do.
Do we need to complete a Schedule P?
Do we need to complete a Schedule T?
Do we care about bonding?
What do we care about in the filing? What don't we care about?
Thanks.
mbozek
Jul 22 2002, 09:40 AM
See instructions for 5500 form.
Ellie Lowder
Jul 22 2002, 03:08 PM
Info in those instructions says: No schedules, no accountant's opinion - answer questions 1-5 and 8 only. (So easy, many employers prefer to do their own rather than paying to have it done - unless done pretty inexpensively)
Incidentally, if this is not a 403(B) ERISA plan, no 5500 at all - I mention that because some governmental groups were told (by those who should know better) that a 5500 is required for the 403(B) plan. Not true.