ForumsSolo 401k – 5500-EZ5500 EZ in future years if assets decline

Forums Solo 401k Solo 401k – 5500-EZ 5500 EZ in future years if assets decline

  • 5500 EZ in future years if assets decline

    1 Reply
  • Mike P.

    Top SubjectSolo 401k – 5500-EZ,Solo 401k
    Top ForumsSolo 401k – 5500-EZ, Solo 401k

    Mike P.

    Mike P.

    Top SubjectSolo 401k – 5500-EZ,Solo 401k

    June 8, 2022 at 4:18 pm

    My solo 401(k) plan filed 5500 EZ the last two years after assets went above $250,000. After some market declines the asset went below the threshold. Do I still have to file a 5500EZ this year or not until assets go above 250,000 again (or the plan is terminated)?

    Thanks!

    Mike P.
  • Mark Nolan

    Top SubjectSolo 401k,Solo 401k Contributions
    Top ForumsSolo 401k, Solo 401k Contributions

    Mark Nolan

    Mark Nolan

    Top SubjectSolo 401k,Solo 401k Contributions

    June 8, 2022 at 11:42 pm

    While technically you are not required to file a Form 5500-ez if the fair market value (FMV) of the solo 401k plan dropped below $250,000 as of 12/31 of the prior year, so 12/31/2021 in your case, it is best to continue to file even if you are not required to do so. Reason being, the government may send you a letter asking you to confirm why you did not file.

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