The Employee Retirement Income Security Act of 1974 (ERISA) is an American statute that establishes minimum standards for pension plans in the private sector. Additionally, it provides rules for income tax effects on transactions linked to employee [...]
The Department of Labor, Internal Revenue Service, and the Pension Benefit Guaranty Corporation together built up the Form 5500 Series so representative advantage arrangements could use the Form 5500 Series structures to fulfill yearly reporting prerequisites under Title I [...]
US Labor Department releases proposal to improve, modernize Form 5500 Annual Report filed by employee benefit plans. Does this affect your business? The Form 5500 Series yearly reports are the main source of the employee benefit plan [...]
The DOL has issued controls that expand the common fiscal punishments for an extensive variety of advantage related infringement. Perceiving that numerous punishments were turning out to be less powerful as obstructions because the punishment sums had [...]
The Form 5500 is an important necessity in ERISA compliance. With the rampant cases of the misappropriation of employees’ retirement benefits, ERISA (Employee Retirement Income Security Act) Form 5500 is what you should be thinking of in [...]
We are a top national benefits consultant and we wanted to let you know that the IRS has a new project that centers on a key benefits compliance task. The IRS’ Employee Plans Compliance Unit recently announced [...]
2015 form 5500 filing deadline is July 31, 2016! WHAT IS A FORM 5500? The Department of Labor (DOL) requires this annual report which contains pertinent information about employee benefit plans which is intended to ensure that they are [...]
The ERISA experts and Form 5500 provider at Benefits Compliance Consultants, Inc., have recently been made aware of information that we deem pertinent to our clientele: PROBLEM: The DOL is using employer’s identification numbers (EIN) to crosscheck records [...]
Health and welfare plans currently exempt from filing Schedule C of Form 5500 will remain exempt. However, starting with the 2009 Form 5500, Schedule C will require ERISA plans to provide much more detail about provider fees [...]
DOL Denies Request for Form 5500 Filing ExtensionAn official at the U.S. Department of Labor (DOL) has informed the Council that the agency will not grant an automatic extension of the Form 5500 deadline for the 2009 plan [...]
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