Form 5500 Filing – Reminder

APPLIES TO

Employers and Retirement Plan Administrators

EFFECTIVE

File deadline of no later than July 31, 2013 for plan years beginning in January and ending in December

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Many employers offer their employees retirement benefits such as a 401(k) Plan. If you are such an employer, each year your company must file an annual report to the IRS and U.S. Department of Labor (DOL) detailing the plan. Form 5500 is used to file this annual report and as of 2010, the form must be filed electronically.

The Form 5500 must be filed if your plan balance is more than $100,000.00, if your plan includes more than one participant, or if your 401(k) plan has been terminated.

The cutoff for filing the Form 5500 is the final day of the seventh month after the end of the plan year. If your plan operates on a calendar year (January – December) the deadline for filing the Form 5500 is July 31, 2013. You may receive a one-time extension for two and a half months if you file the Form 5558 with the IRS before your Form 5500 is due.

 

Action Items:

  1. Review your retirement plan year and determine when your Form 5500 is due.
  2. If needed, file an extension with the IRS prior to the due date of your Form 5500.

Disclaimer: This document is designed to provide general information and guidance concerning employment-related issues. It is presented with the understanding that ManagEase is not engaged in rendering any legal opinions. If a legal opinion is needed, please contact the services of your own legal adviser.

© 2013 ManagEase, Incorporated.

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