I live in the United States and have a small unincorporated business. I have no employees and I am single. I have a 401(K) and a Roth 401(K) through E*Trade. Between the two accounts I have a little over 200K in them.
I have not been filing form 5500 for these plans and I believe I do not have to. Do I?
I believe that when the balance in these plans reaches 250K, I do. Is that correct?
However, if you look at the Department of Labor's site, you will see the following:
Section 1: Who Must File
A return/report must be filed every year for every pension benefit plan, welfare benefit plan, and for every entity that files as a DFE as specified below (pursuant to Code section 6058 and ERISA sections 104 and 4065). If you are a small plan (generally under 100 participants at the beginning of the plan year), you may be eligible to file the Form 5500-SF instead of the Form 5500. For more information, see the instructions to the Form 5500-SF.
What is a DFE?