Final plan year
Plan year in which all plan assets are distributed or transferred — requires a final Form 5500-EZ even below $250,000.
Definition
A final plan year is the year in which all assets of the Solo 401(k) plan are fully distributed (paid to participants) or transferred (rolled to an IRA or another plan). A final-year Form 5500-EZ is required even when the plan held less than $250,000, with the 'final return' box checked and ending assets reported as $0.
Why it matters
For IRS Form 5500-EZ, this term helps decide which records, dates, values, or review questions belong in the packet.
How the tool uses it
Solo 5500 treats this as a review signal. The user enters the facts, checks the source-linked explanation, reviews the packet, and files through the official channel when the supported case still fits.
When to check the source
Check the official source when the answer depends on eligibility, late filing relief, official correspondence, valuation, or a fact you cannot verify from your own records.
Source and review date
Last reviewed: . Use the linked source for the official wording behind this term.
Official source: IRS Form 5500-EZ filing notices