Employers who offer health and benefit plans, as well as large employee welfare benefit plans, must file a Form 5500 every year, reporting their plan’s involvement for the year.

The Form 5500 is a critical document which must be accurate and submitted on time. The information in a Form 5500 is subject to the governmental agencies, the Internal Revenue Service (IRS), Department of Labor (DOL) and the Pension Benefit Guaranty Corporation.

Many businesses do not realize that they are required to file a Form 5500. Companies with benefits plans that have over one hundred participants on the first day of the plan year should review their plans for Form 5500 filing requirements. Failing to file a Form 5500 for your business, if it is required, can result in large penalties and the need for an immediate response to become compliant in reporting.

HitesmanLaw provides the benefits law expertise needed to assist clients in the managing and maintaining compliance in the annual filing of their Form 5500, including:

  • Experts in filing the Form 5500 for accuracy
  • Proactive management of annual reporting
  • Quick Form 5500 preparation for timely filing requirements
  • IRS approved software for efficient and cost-effective filing

In addition to Form 5500 preparation, HitesmanLaw offers seminars and training regarding Form 5500 filing requirements and preparation.