Form 5500 Compliance: What You Need to Know
February 12 at 1:30 pm ET
Duration: 90 minutes
Speaker: Phyllis Hoff, CEBS
Under Titles I and IV of the Employee Retirement Income Security Act of 1974 (ERISA), and the Internal Revenue Code (Code; IRC), pension and other employee welfare benefit plans are generally required to file annual return/reports concerning, among other things, the financial condition and operations of the plan. These annual reporting requirements usually can be satisfied by filing Form 5500 and its related schedules.
Form 5500 is the primary source of information concerning the operation, funding, assets and investments of pension and other employee benefit plans. In addition to being an important disclosure document for plan participants and beneficiaries, Form 5500 is a compliance and research tool for the Department of Labor (DOL), and a source of information and data for use by other federal agencies. These returns/reports are the primary means by which the operation of plans can be monitored by participants, beneficiaries and the general public.
This 90 minute webinar will focus on the details of filing this informational return/report, how to avoid costly penalties and an update on the recent e-filing requirement.
Agenda
The discussion will include an overview of the Form 5500 requirements.
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Form 5500 – The Details
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Types of Filings and Applicable Schedules
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Health and Welfare Plans – Fully Insured, Self-Funded
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Partially Insured and Self-funded with general assets
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Retirement Plans – DC vs. DB
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What constitutes a Small Plan, Large Plan – Audit Requirements
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Form 5500-SF
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Form 5500-EZ
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Form 8955-SSA
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Schedule C – Fee Disclosures
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Electronic Filing with EFAST2 – Year 2
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Amended and Delinquent filings with EFAST2
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Reporting for 403(b) Plans – Lessons Learned
Who Will Benefit
Human resource managers, benefits personnel, executives and attorneys.
Logistics
- 90-minute webinar (Travel-Free) delivered over the phone and Internet.
- Unlimited listeners per connection - bring the entire department.
- Q&A session with the expert.
This event will be presented live by phone together with a PowerPoint presentation to be viewed on your computer. Internet access is not required for phone-only participants. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.
What is a webinar?
A webinar is an Internet based seminar. Webinars are a way for participants in many different locations to see and hear a presentation and view PowerPoint slides. You can also have your colleagues attend the webinar using one connection.
What kind of equipment do I need?
You will need a computer with an Internet connection (high speed service such as DSL or cable works best) and a telephone. You may use a headset if that is more comfortable. The headset will also help block out background noise. Internet access is not required for phone-only participants.
How can I share the webinar with my colleagues who may not be able to attend the event?
CDs of each program will be available for sale and can be shared with your business associates.
Can I get a copy of the PowerPoint slides used in the webinar?
The PowerPoint slides will be available on the materials page link in the confirmation email that will be sent to you no later than the morning of the day a webinar is presented.
How do I ask a question during the webinar? Will my question be answered during the presentation?
A question and answer session will be scheduled at the end of each webinar. You can then ask a question by typing it into the question box that will be provided to you duringthe webinar. You may also ask a question through the telephone connection. As many questions as possible will be answered during the Question and Answer period.