What Is Form 5500?
Also known as the Annual Return/Report of Employee Benefit Plan, Form 5500 is a filing required annually by the Department of Labor (DOL) & Internal Revenue Service (IRS).
Form 5500 reports and discloses information on benefit plans to ensure:
- The operation and management of these plans comply with certain Titles outlined in the Employee Retirement Income Security Act of 1974 (ERISA).
- Sufficient information is provided to regulators to effectively safeguard the rights and benefits of participants and beneficiaries.