Form 5500 Annual Return/Report of Employee Benefit Plan
Each year, employee benefit plan administrators are generally required to file a return/report regarding the plan’s financial condition, investments, and operations.
The Department of Labor (DOL), Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC) jointly developed the Form 5500 series to consolidate the main annual reporting requirements for employee benefit plans.
• Employee benefit plans are operated and managed following certain prescribed standards
• Employee benefit plan participants and beneficiaries are provided with or have access to sufficient plan information
Am I required to file a Form 5500 or 5500-SF for my employee benefit plan?
ERISA administrator benefits plan administrators must file an annual Form 5500 or 5500-SF unless a reporting exemption applies. More specifically, if you are the administrator of a profit-sharing plan, stock bonus plan, money purchase plan, 401(k) plan, defined benefit plan, 403(b) plan, or welfare benefit plan, you must file a Form 5500 or 5500-SF for the plan each year.
- DOL webpage on the Form 5500 Series, including links to informational copies of current and prior Forms 5500 and 5500-SF, schedules, instructions, and links to general reporting and compliance assistance.