The Department of Labor (DOL) issued Field Assistance Bulletin No. 2019-01 which provides guidance and temporary relief related to certain Forms 5500 for multiple employer plans (MEPs) subject to Title I of ERISA. Background A provision in the Cooperative and Small Employer Charity Pension Flexibility Act of 2014 added an additional Form 5500 filing requirement […]
Disclosure, Form 5500, ReportingSchedule J of the Proposed Form 5500 – Plan sponsors of group health plans take note! In July, 2016 the Department of Labor (DOL), Department of Treasury (IRS) and the Pension Benefit Guaranty Corporation (PBGC) published proposed regulations in the Federal Register regarding Proposed Revision of Annual Information Return/Reports. What is Schedule J? If the […]
Disclosure, Form 5500, Reporting, Schedule J408(b)(2) disclosures for retirement plans have been in effect for a few years. It is important to remember that the final regulations reserved a section for welfare plan disclosure. The preamble to the final regulations noted that commenters to the regulations supported disclosures specifically tailored to welfare plans. Although somewhat dated, the Employee Benefits Security […]
401k, 401k fees, fee disclosure, Form 5500, health & welfarePlan sponsors intending to use the Form 5500 method for counting covered lives for the PCORI fee, take note! If you have a self-insured health plan subject to the PCORI fee with a calendar year plan year and intend to use the Form 5500 method to count covered lives, you cannot utilize the 2 ½ […]
ACA, Form 5500Quick Summary The IRS has issued the 2009 Form 8955-SSA and extended the due date for the 2009 and 2010 Form 8955-SSA to the later of January 17, 2012 or the due date that generally applies for filing the 2010 Form 8955-SSA. The 2010 Form 8955-SSA has not been issued. The January 17, 2012 due […]
8955 SSA, Form 5500, Form 8955 SSA, IRS, ReportingThe IRS issued Announcement 2011-21 which designated the Form 8955-SSA as the form to use for reporting separated participants with deferred vested benefits. The IRS has released a draft of Form 8955-SSA as well as posted FAQs on their website. Previously, Schedule SSA was used to report separated participants with deferred vested benefits until the […]
8955 SSA, Disclosure, Form 5500, Form 8955 SSA, IRSIn Announcement 2011-21, the IRS announced that Form 8955-SSA, a stand- alone form to be filed with the IRS, is the successor to the Schedule SSA (Form 5500). Form 8955-SSA is used to report terminated participants with deferred vested benefits. For 2009 and 2010 plan years, the Form 8955-SSA is due the later of the […]
8955, Form 5500, Form 8955 SSA, IRS, ReportingForm 5500 Roundup In January, we issued an ErisaALERT regarding EFAST2. As we are rapidly approaching the due date for calendar year 5500s, we would like to provide a brief update. EFAST2 new e-signature option The DOL recently issued guidance relating to a service provider signing the Form 5500 on behalf of their client; question […]
DOL, Form 5500November, 2008 Fee Transparency Part 3 –2009 Schedule C As noted in Part 1 and Part 2 of our three part Fee Transparency series, there are three pieces of DOL guidance that Plan Sponsors should have on their list of “to dos”. Two are in the form of proposed guidance with the third in final […]
Fee Transparency, Form 5500, Schedule CJune, 2008 The Auditors have arrived! ERISA audits will be more intense this year due in part to Statement on Accounting Standards (SAS) No. 104-111 which deal with Risk Assessment Standards. The Statements are effective for periods beginning on or after December 15, 2006; early adoption was permitted. These Standards provide guidance for the auditors […]
ERISA financial audits, Form 5500, Reporting(c) 2015 Erisa Diagnostics - We focus on benefits, so you can focus on business