Personal Finance & Money Asked on January 28, 2021
I recently shutdown my Solo 401(K) plan at E*Trade. I plan to file form 5500EZ. I have distributed the money to a traditional IRA and a Roth IRA. None of the money went into another 401(K) plan.
Do I need to file form 5310? I believe the answer is no, but I want to be sure.
I am in the United States.
Here is some more information:
For more information about form 5310 you can look here:
https://www.irs.gov/pub/irs-pdf/i5310.pdf
https://www.irs.gov/retirement-plans/terminating-a-retirement-plan
I believe form 5310 is required when two companies merge and each company has its own 401(K). I also believe that it is required when you terminate a plan and require the assets of the plan be distributed to another 401(K) plan.
Recall that when a 401(K) plan is terminated, all participants must be vested.
However, I am not sure of my facts that is why I asked the question.
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