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So - I have a self employed 401k account which I started up last fall. So in THEORY - I'd need to file form 5500 by the end of the month.

But - since I'm a single employee, and own 100% of the business - it would seem I'm eligible to file form 5500-EZ.

THEN - since the plan was only open a few months in 2004, and has total assets at the end of 2004 well below $100,000, that I'm not even required to file a 5500-EZ.

Am I reading all this correctly?

So then - I need to START filing a 5500 once my total plan assets hit the $100,000 mark right? Or am I way off here?


No. You understand it perfectly.

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