Form 5500

Form 5500

A form a plan administrator files with the IRS to report information on the retirement plans offered to employees. This form is filed in order to ensure compliance with the Employee Retirement Income Security Act.
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If you maintain an employee benefit plan with a calendar year-end, file Form 5500 or 5500-EZ for calendar-year 2018.
Department of Labor (DOL) and the Internal Revenue Service (IRS) have specific guidance regarding Form 5500 filings and the audits of financial statements for plans.
H.R.982 directs the Department of Labor (DOL) and the Treasury Department to allow employers and sole-proprietors participating in retirement plans administered in the same way to file a single aggregated Form 5500, a required annual return that provides important compliance information to DOL and Treasury.
Ascensus has announced it has agreed to acquire Wrangle, a provider of health & welfare Form 5500 preparation and related ERISA compliance services, the company said.
27 March 2019 - US-based recordkeeping services provider, third-party administrator, and government savings facilitator Ascensus has entered into an agreement to acquire Wrangle, the provider of health and welfare form 5500 preparation and related ERISA compliance services, the company said.
103(a)(3)(C) audit, and considerations relating to the Form 5500.
The DOL imposes penalties for a failure to respond to a request for information, file Form 5500 annual reports, provide required disclosures and notices, or maintain a fidelity bond as well as for prohibited transactions and fiduciary violations.
Donnachie is an experienced retirement plan administrator skilled in the preparation of annual Plan Valuations, Form 5500, trust accounting, asset reconciliation and compliance testing.
The Form 5500 is an annual federal tax filing due for most plans by July 31 (or October 15 if extended, which most plans do).
For calendar-year employee benefit plans, Form 5500 or 5500-EZ for 2016 is due.
"DOL may be acting in response to a targeted program or to a review of a Form 5500 that seems in error," Medina explained.
Additionally, it supplies standard formats to accommodate the information flow among business partners, providing increased transparency for Form 5500 Schedule C and Employee Retirement Income Security Act (ERISA) Sections 408(b)(2) and 404(a)(5) fee disclosure compliance requirements, general supervision and sales reporting needs.