The Form 5500, Annual Return/Report of Employee Benefit Plan, is the form used to file an employee benefit plans annual information return with the Department of Labor (DOL).

For plan years that began on or after Jan. 1, 2009, the DOL requires that Form 5500 be filed using its EFAST2 electronic filing system, which may be accessed at www.efast.dol.gov.

This information is similar to information already required to be provided under Section 408 (b) (2) of ERISA, but will represent an added reporting requirement on Form 5500.

The changes to Form 5500 for 2023 also implement changes included in the SECURE Act of 2019 that take effect this year. Specifically, the DOL and IRS were required to modify Form 5500 so that members ...

This bond must cover at least 10% of the plan’s assets, up to a maximum of $500,000 per loss. Plan sponsors are required to report on Form 5500 whether the plan is covered by a fidelity bond.

It also surveyed Form 5500 stakeholders from the private sector — plan sponsors, service providers, retirement consultants, ERISA attorneys and financial researchers and academics.

The U.S. Department of Labor (DOL), via the Employee Benefits Security Administration (EBSA), has joined the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC) in ...

It also surveyed Form 5500 stakeholders from the private sector — plan sponsors, service providers, retirement consultants, ERISA attorneys and financial researchers and academics.

Law and regulation Benefits Think Preparing for Form 5500 deadlines By Carrie Byrnes Jorge M. Leon July 26, 2017, 12:27 p.m. EDT 3 Min Read ...

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For plan sponsors maintaining any ERISA plan on a calendar year basis, now is the time to ensure that either your Form 5500 will be filed by July 31, 2017, or an extension will be filed by that date.