Publisher's Synopsis
The premier resource in the field of Form 5500 preparation, 5500 Preparer's Manual will help you handle the required annual Form 5500 filings for both pension benefits and welfare benefit plans.
Written by an expert in the field of Form 5500 preparation, the 2016 Plan Years edition provides:
- Up-to-date, line-by-line explanations, making it easy to prepare forms for filings
- At-a-glance charts and examples covering key requirements, filing summaries, due dates, penalties, and more
- Step-by-step instructions for electronic filing, including electronic signatures, transmission, and accessing government software
- And more!
The 2016 Plan Years edition has been completely updated to include guidance on:
- Discussion of the Form 5500 2019 plan year proposed modernization changes
- DOL proposed annual compliance reporting for small plans that are currently exempt from annual reporting to file a newly proposed Schedule J (Group Health Plan Information), in addition to completing certain Form 5500 elements
- Detailed listings of ERISA and non-ERISA health and welfare benefits to clarify which are required to be reported on a Form 5500 filing
- ERISA Filing Acceptance System 2 (EFAST2) processes and requirements for mandatory electronic filing and how to amend the Form 5500 filings using the electronic system
- Late filings, the DOL's Delinquent Filer Voluntary Compliance (DFVC) Program, and the latest IRS rules that must be satisfied in order to qualify for full relief under DFVC
- Information about the new IRS compliance questions appearing on Form 5500-EZ as well as Schedules H, I, and R and which items should not be completed for 2016 plan years
- How to qualify for relief from the audit requirements that apply to small pension plans
- And much more
