Are you going to file Form 5500 on time? Play it safe and avoid penalties
Abstract: Missing filing deadlines for Form 5500, “Annual Return/Report of Employee Benefit Plan,” for retirement and health and welfare plans can be extremely costly. The best way to avoid trouble is to ensure that meeting filing deadlines never falls between the cracks. This article summarizes the penalties for delinquent filing of Form 5500 and whether plan sponsors can use the DOL’s Delinquent Filer Voluntary Compliance Program.