Guides

Brokerage statement checklist for Form 5500-EZ

The source-record checklist a Solo 401(k) owner should assemble before preparing a Form 5500-EZ packet.

By Yann LephayPublished 2026-05-22 · Last updated 2026-05-22

Summary

Before preparing Form 5500-EZ, collect the prior-year filed return, beginning and ending brokerage or custodian statements, contribution records, distribution records, participant-loan records, plan identity facts, and any final-year transfer or rollover proof. If the records do not reconcile, stop before filing rather than entering estimates.

A clean Form 5500-EZ packet starts from source records, not memory.

Core statementsBeginning and ending plan assetsTie values to brokerage, custodian, trust, or account statements.
Activity recordsContributions, distributions, loansKeep annual totals and supporting documents separate.
Hard stopUnreconciled recordsDo not guess values to meet a deadline.

Records to collect first

Collect the prior-year Form 5500-EZ or annual passport, current-year beginning and ending statements, contribution records, distribution records, rollover or transfer records, participant-loan records, plan name, sponsor name, EIN, plan number, plan year, and final-year support if the plan terminated.

How to reconcile the packet

Start with prior-year ending assets, confirm current-year beginning assets, add contributions and rollovers, subtract distributions and fees, and compare the result against year-end statements after investment gains and losses. The goal is not to build a full accounting ledger; it is to catch obvious record mismatches before the signer files.

When the checklist is not enough

Use a qualified professional or official IRS/DOL instructions when records are missing, the filing is late or amended, hard-to-value assets are involved, loans may be in default, employee or controlled-group facts are uncertain, or an IRS/DOL notice has already arrived.

What Solo 5500 Desk prepares

Solo 5500 Desk turns the user-entered record facts into a Form 5500-EZ preparation packet, filing-method checklist, source notes, and annual passport. It does not transmit the return, value assets, operate the plan, or represent the sponsor.

Common questions

Which statement values matter most for Form 5500-EZ?

The beginning-of-year and end-of-year plan asset values matter most because they support the filing trigger, the asset lines, and the annual reconciliation.

Can I use estimates if my brokerage statement is not ready?

No. If the filing is required and the records are not ready, use the official extension path or professional help instead of filing guessed values.

What if last year's ending assets do not match this year's beginning assets?

Stop and reconcile the difference before preparing the return. It may reflect transfers, timing, prior-year errors, or missing plan records.

Check whether your Solo 401(k) fits first

Use the checker before preparing a packet if employee, late-filing, asset-threshold, or final-year facts are uncertain.

Open checker

Related guides

Form 5500-EZ total assets from brokerage statements

A source-record guide for Solo 401(k) sponsors organizing year-end statements and combined one-participant plan assets.

Form 5500-EZ records checklist before filing

A pre-filing records checklist for Solo 401(k) sponsors who want a traceable Form 5500-EZ packet instead of guessed values.

Do I need to file Form 5500-EZ for my Solo 401(k)?

The direct filing test for one-participant plans: asset threshold, final year, deadline, and filing method.

Official sources

IRS Form 5500-EZ filing noticesIRS states the $250,000 asset exception and the last-day-of-the-7th-month deadline. Official source reviewed for this MVP on June 11, 2026.IRS Instructions for Form 5500-EZOfficial instructions explain combined one-participant plan assets, final returns, and electronic filing requirements. Official source reviewed for this MVP on June 11, 2026.IRS one-participant plan project resultsIRS describes common one-participant plan filing mistakes, final-year filings, and failure-to-file penalties. Official source reviewed for this MVP on June 11, 2026.IRS mandatory electronic filing for Forms 8955-SSA and 5500-EZOfficial IRS guidance on the 10-return mandatory e-filing threshold and aggregation rules. Official source reviewed for this MVP on June 11, 2026.DOL EFAST2 filer helpOfficial DOL guidance on electronic filing, IFILE, credentials, and approved software requirements. Official source reviewed for this MVP on June 11, 2026.IRS Form 5558 extensionOfficial extension form context for Form 5500-series returns. Official source reviewed for this MVP on June 11, 2026.IRS Form 14704 late-filer transmittalOfficial transmittal schedule for the Form 5500-EZ Delinquent Filer Penalty Relief Program. Official source reviewed for this MVP on June 11, 2026.IRS Revenue Procedure 2015-32Official revenue procedure establishing the Form 5500-EZ late-filer penalty relief fee framework. Official source reviewed for this MVP on June 11, 2026.

Last reviewed: June 10, 2026.