Navigating the maze of changes with Form 5500

This webinar will discuss practical information to ensure compliance with the myriad of changes made to Form 5500 filing requirements. The Instructor will discuss EFAST2 processes and Schedule C disclosures and review changes to the 2014 Form 5500 series reports and 2015 Form 5500-SUP draft instructions. Participants will understand audit requirements and how to handle late deposits.

Why Should You Attend:

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) published an interim final rule to implement Form 5500 annual reporting changes for multiple-employer retirement and welfare plans required by the Cooperative and Small Employer Charity Pension Flexibility Act (CSEC).

(A multiple-employer plan for this purpose is a plan that is maintained by more than one employer and is not a ‘‘single employer plan’’ and not a ‘‘multiemployer plan’’ for Form 5500 filing purposes.)

The CSEC Act established additional annual reporting requirements for multiple-employer plans for plan years beginning after Dec. 31, 2013. Specifically, new section 103(g) of Title I of ERISA requires that the annual report of a multiple-employer plan must include a list of participating employers and a good faith estimate of the percentage of total contributions made by each participating employer during the plan year.

Employers who offer an employee benefit plan must file an annual report regarding the plan’s financial condition, investments and operations, unless specifically exempt by law. Plan administrators are required to file Form 5500 for retirement plans subject to ERISA.

This webinar will discuss the practical guidance about your Form 5500 and Form 8955-SSA filing requirements.