When do 5500 forms need to be filed

You have successfully removed bookmark. Delete canceled. Please log in as a SHRM member before saving bookmarks. OK Proceed. Your session has expired. Please log in as a SHRM member. Cancel Sign In. Please purchase a SHRM membership before saving bookmarks. OK Join. A one-participant plan or a foreign plan.

The first Form series return required to be filed is for the plan year. Contact Us - Telephone representatives will help answer basic questions such as filing requirements and due date for Form , status of pending determination letter applications and responding to notices.

Additional resources Retirement Plan Reporting and Disclosure. Page Last Reviewed or Updated: Sep Share Facebook Twitter Linkedin Print. A plan with fewer than participants and meets all of the eligibility conditions. Due date: the last day of the seventh month after the plan year ends July 31 for a calendar year plan Extensions : request on Form Mandatory electronic filing Delinquent or amended returns: use the current year form See Increased Penalties for Failure to File Retirement Plan Returns below.

The totals in each of these sections would have to be added together order to get a total unique participant count. In this case, the wrap plan participation triggers the need to file a and information would be required for all benefits under the Wrap Plan. In the event that an employer cannot complete and electronically submit Form by the deadline for their plan year, a one-time 2.

Note: This is the same date as the initial filing deadline. Please see the table below for a full listing of Form filing deadlines as well as extended deadlines. Dates in table based on plan years ending on the month-end. If an employer cannot meet the initial Form deadline they can request a one-time 2. To complete the Form for health and welfare plans, an employer must fill in the Employer name, address, EIN, Plan Name, Plan Number and Plan ending date, and the requested extension deadline portions of the form see sample below.

The extension request is for a maximum of 2. For filings required after calendar year , the threshold will be further reduced to 10 returns.

Filers that are unable to file electronically for instance, due to a lack of Internet service may request a waiver from the IRS. You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page.

Benefits July 31 Form Deadline Reminders Filers needing more time should request an extension, keep penalties in mind. Reuse Permissions. Image Caption. Annual forms are filed for: Retirement and savings plans , such as defined benefit pension plans and k s or similar defined contribution, profit-sharing and stock bonus plans.

Health and welfare plans , such as medical, dental, life insurance and disability benefits plans. For penalties assessed after Jan. Form Reporting Tips "The statements and assertions on the Form are made by the employer who signs the filling under penalty of perjury, not the service provider who may have populated the draft," noted John C.

Hughes highlighted the following tips to lessen the chances of examination or the imposition of penalties : Maintain appropriate proof of having filed the Form and the extension Form Ensure that the plan name, employer name, tax ID number, etc. Often, there is an inconsistent use of service provider names as well. Attach an appropriately completed independent audit report, if necessary. Not all plans must attach an audit, but if you are in that group, it must be included.

The DOL is especially concerned about poor audit reports that raise red flags.