Plan Sequence Number definition
Plan Sequence Number is used for annual reporting to the IRS. The IRS uses this number to identify your Plan. For example, if this is the fourth Plan you maintain or have maintained, the Plan Sequence Number would be 004 and so on.
Plan Sequence Number. 001 (Enter 001 if this is the first qualified plan the Employer has ever maintained, enter 002 if it is the second, etc.) Trust Identification Number (if applicable)______________ Account Number (Optional) 777092
Examples of Plan Sequence Number in a sentence
The Plan Sequence Number is 001 for the Employers first qualified retirement plan, 002 for the second, etc.
The Plan Sequence Number identifies the number of qualified retirement plans the Employer maintains or has maintained.