5500 E-file: Form 5500 for Pension Benefit Plans Numbered Less than 501 - DOL Criteria for Final Year XML Elements
Please check the XML after creating the e-file to match all of the element values below.
SchH/n1:AllPlanAstDistribInd ='1' or
SchI/n1:AllPlanAstDistribInd = '1' ) and
SchH/n1:TotAssetsEoyAmt = 0 or
SchI/n1:TotAssetsEoyAmt = 0 ) and
Form5500/n1:TotActRtdSepBenefCnt =0 and
Plan Number Form5500/n1:SponsDfePlanNum) less than; 501)
SchI/n1:AllPlanAstDistribInd = '1' ) and
SchH/n1:TotAssetsEoyAmt = 0 or
SchI/n1:TotAssetsEoyAmt = 0 ) and
Form5500/n1:TotActRtdSepBenefCnt =0 and
Plan Number Form5500/n1:SponsDfePlanNum) less than; 501)
Below are the changes to be made in the Organizer or Tax Form 5500 and other Schedule H or I:
- Navigate to Organizer > 5500 Series > Plan Name > Basic Plan Information > Basic Plan Information.
- Select the option for Final Return.
- Navigate to Organizer > 5500 Series > Plan Name > 5500 > Financial Information (Sch. H/I) > Transactions during plan year.
- Select the following option:
- Navigate to Tax Forms > Schedule H, Page 2, OR navigate to Schedule I.
For Schedule H, Page 2, line 1(f)(b) should be NONE.For Schedule I, line 1(c)(b) should be NONE.
- Navigate to Tax Forms > Form 5500 > Page 2. Lines 6d and 6f should be NONE.
E-file/5500_ef_final_year_4.htm/TY2020
Last Modified: 02/17/2020
Last System Build: 09/13/2021
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