What is the 5500 form?
Form 5500, Annual Return/Report of Employee Benefit Plan (form and instructions) The employer maintaining the plan or the plan administrator of a Pension or Welfare benefit plan covered by ERISA.
Where can I find 5500 filings?
5500 filing requirements and credentials If you don’t already have DOL electronic signing credentials, you can obtain them at www.efast.dol.gov. DOL credentials are the secured username and password that allow you to log in to the EFAST2 portal and electronically sign and submit your completed forms.
What employers are required to file a Form 5500?
All qualified retirement plans, 403(b) plans subject to ERISA, and health and welfare plans covering more than 100 participants are subject to filing the Form 5500, and it must be done electronically.
Who prepares the form 5500?
The administrator of an EBP is ultimately responsible for filing the relevant Form 5500. Often, a company’s finance, HR or operations department, or any combination of these departments, will prepare the Form 5500. Alternatively, a third-party administrator may be used to file Form 5500.
What is ERISA status?
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.
How do I get a 5500 form?
Form 5500/5500-SF Data Sets from the DOL EFAST2 Website Go to www.efast.dol.gov. 2. On the EFAST2 Filing – Welcome page, click the “Form 5500/5500-SF Search” link in the upper left-hand corner.
Who prepares the Form 5500?
Does my company need to file a 5500?
A private sector company will need to file a Form 5500 if it has: A 401(k) program (or other retirement plan) that is insured or self-insured, and. 100 or more individuals enrolled in the plan at the start of the plan year.