5305 for Simple IRA

What does a client do if they cannot locate their 5305 for a Simple IRA Plan?



A 5305 SIMPLE is used with a DFI (designated financial institution) whose rep must sign the 5305 and therefore should have received a copy.  I would check with the DFI to see if they have a copy.  If the DFI does not have a copy then reconstruct it to the best of their ability, and date and document the form as an estimated duplicate of the original and also have the DFI sign it.

Add new comment

Log in or register to post comments