When is form 5500 due

In a world turned upside down by COVID, it can be difficult for retirement plan fiduciaries to make sure that they are following the rules — especially since a number of them have been altered by the Internal Revenue Service IRS , Department of Labor DOL and other entities as a means of helping plan sponsors and participants navigate the pandemic.

It must be submitted annually — usually the last day of the seventh month after the plan year ends which is July 31 for a calendar-year plan.

None of this should come as news to a plan administrator — and if it does, address the situation immediately — but for those who have completed Form and signed it, what should they do next? Remember that, while a limited extension for filing Form was established due to the pandemic, it did not extend the deadline for plans; there was, however, an extension for plan sponsors who filed Form — to October 15, , which of course has passed.

Keeping in mind that there are modifications to Form nearly every year — and that further changes to retirement plan rules overall are a very real possibility as we head into with the pandemic still in effect — we must assume, for the present, that the important dates for will remain in place next year.

It behooves plan administrators to circle the relevant dates on their calendars now, in order to prepare for what seems likely to be another topsy-turvy year.

If and when those dates change, we will be sure to post updates. Richard W. In , that is Monday, Aug. You are here Home Advertisement.

Changes in Form Filing Requirements. BY John Iekel. June 10, Government Affairs. Instructions for Form One-Participant Plans. Due Date Aug. John Iekel. Sign In to Comment. October a Treat for Pension Plan Funding. Image Caption. Annual forms are filed for: Retirement and savings plans , such as defined-benefit pension plans and k s or similar defined contribution, profit-sharing and stock bonus plans.

Health and welfare plans , such as medical, dental, life insurance and disability benefit plans. You have successfully saved this page as a bookmark.

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