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December 31st, 2019
Information & Insights for the 403(b) Community
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Ask the Experts
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Effect of Churches Accidentally Filing Form 5500
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“I work with church secondary school that accidentally filed a Form 5500 in 2018. Furthermore, they did not attach an audit report, even though the plan has over 100 participants, nor did they state that the plan maintained a fidelity bond, since the plan does not maintain such a bond. Are there any consequences to this action taken by the school? Will they now need to secure plan audits and a fidelity bond?”
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