The Internal Revenue Service (“IRS”) Form 5500-EZ is an annual information return that is required to be filed by every “One-Participant Plan” (owners and their spouses), also known as a Solo 401(k) Plan, with plan asset value in excess of $250,000 as of December 31 of the previous tax year.

Can you file Form 5500-EZ online?

Filing Form 5500-EZ electronically using the EFAST2 filing system: • File online using EFAST2’s web-based filing system or • File through an EFAST2-approved vendor. Detailed information on electronic filing is available on the EFAST2 website at

Are you filing a form 5500 EZ 5500-SF as a 1 participant plan?

Form 5500-SF can no longer be used by a one-participant plan or a foreign plan filer in place of Form 5500-EZ. A one-participant plan or a foreign plan must file Form 5500-EZ PDFelectronically through the EFAST2 filing system, if the plan sponsor is subject to IRS e-filing requirements pursuant to Treas.

When do I have to file Form 5500-ez?

When is form 5500-EZ due? The 5500-EZ is due on the last day of the seventh month of your plan year. For most account holders, that’s July 31st. The IRS requires you file the form if your Solo 401k plan had $250,000 or more in assets at the end of the calendar year last year.

What are the Max assets for a 5500-ez plan?

5500-EZ and its total assets (either alone or in combination with one or more one-participant plans maintained by the employer) exceed $250,000 at the end of the 2020 plan year, Form 5500-EZ

How long does it take to fill out fidelity 5500 ez?

With the information from Fidelity, I completed Form 5500-EZ in less than 5 minutes. Here’s a filled-out example (click on it to see page 2): Besides the usual Tax ID, name, address and phone number entries, Form 5500-EZ asks about the plan’s assets at beginning of the year, at end of the year, and the total contributions during the year.

Is the Solo 401k reported on form 5500-ez?

Currently, the IRS doe not require the reporting of distributions including RMDs from solo 401k on Form 5500-EZ. Solo 401k distributions are reported on Form 1099-R, however. Are the solo 401k loans to myself a plan liability?