FAQ 139: 5500 - Completing a 5500 without an Auditor's report

Problem: The notice from ASPPA says to leave 3a & 3b on Sch H blank if an auditor's report is not attached. Will the DGEM Form 5500 software handle this?

Solution: Per the EFAST FAQ page, you must still correctly answer the IQPA questions on Schedule H, line 3. This means you must leave lines 3a and 3b blank because the IQPA report is not attached and must also leave line 3d blank because the reason the IQPA reports is not attached (i.e., was not completed on time) is not a reason listed in any of the available check boxes. You should still complete line 3c if you can identify the plan's IQPA. Please note that failing to include the required IQPA report and leaving parts of line 3 blank will result in the system status indicating that there is an error with your filing because, as noted above, submitting your annual return/report without a required IQPA report is an incomplete filing, and may be subject to further review, correspondence, rejection, and assessment of civil penalties.