Who must file IRS Form 5500?


Quick Answer

Employee benefit and welfare plans file Form 5500 to satisfy annual reporting requirements according to IRS Code and Titles I and IV of the Employee Retirement Income Security Act, according to the U.S. Department of Labor, as of 2015. Form 5500 captures financial and operational information, says the IRS.

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Full Answer

Filing requirements vary according to the number and type of participants the benefit plans cover, says the U.S. Department of Labor. Plans face penalties for failing to follow filing and disclosure rules unless they qualify for an exemption under Code section 6058 and 6059 and sections 104 and 4065 of the Employee Retirement Income Security Act of 1974, notes the IRS.

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