Small vs. large plan annual report filing – Get ready to file Form 5500

Description

Abstract: Generally, all qualified retirement plans subject to ERISA must file an annual report summarizing the plan’s investments and overall financial condition. The plan administrator satisfies this requirement by filing IRS Form 5500. But which version of Form 5500 — including its many schedules — to file depends on the plan’s size. This article reviews the rules of how to count participants to determine which forms to file and summarizes the forms and their many schedules.