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When to file 5500 - Schedule I Form: What You Should Know

No, you must file the Form 5500, and its supporting schedules, with the Employee Pension Rights Act of 1988 or the Pension Benefit Guaranty Corporation (PGC) two months after the due date of that form, whichever is after the due date of the Plan Sponsor's Form 8606 of the FRS for the Plan Year. What forms do I need to file an ERICA Form 5500 under the 401(k) plan? If you expect to receive less than the minimum contribution to a 401(k) plan, you should sign and date the appropriate portion of Form 5500.  However, if you expect to make contributions of more than the Minimum Contribution, you must file the Form 5500 with the BSA and you should include a copy of the required Statement of Additional Information.  Please note:  The ERICA Form 5500 requires the plan sponsor to provide a Supplemental Statement of Information which you should file with the Pension Benefit Guaranty Corporation (PB GCC) for filing. If your company does not offer a 401(k) plan to new employees, you should notify the PGC of the 401(k) plan that is being created and submit the ERICA 5500 with the Form 8606.  You should not include the supplemental information in this file. Only the Form 5500 and its supporting schedules should be submitted to the PGC.  Please note:  The ERICA Form 5500 requires the plan sponsor to provide the PGC with all the information the PGC needs to verify the correct Minimum Contribution. The ERICA Form 5500 will only be used to establish a new 401(k) plan if a 403(b)(7) Plan or 401(k) Plan was provided on the day of the 401(k) employer's creation. Do I need a copy of my SSN or pay stubs to submit an ERICA Form 5500? No, only the required Supplemental Statement of Information (SSN) and Pay stub should be provided to the PGC.  What is a “Reimbursed” Payment? A Reimbursed Payment is a payment that you made that a plan sponsor credits to your payroll deduction for an eligible employee, but that the employee will not be able to take home the amount of the Reimbursed Payment.

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Good morning everyone and thank you for joining us. My name is Jason Cogdill. - I'm a benefits attorney for Pro Benefits. - I'm here with Chris McCauley and this is our May edition of our monthly webinar series. - We've had great participation for our webinars so far this year, both the full regular monthly webinars and some of our new short mini webinar sessions that we presented on several topics. - So thank you for joining us and we hope these sessions have been helpful for you. - If you have any specific requests or feedback regarding the content of these sessions, feel free to share it with Chris or with me. - We'll be happy to do our best to continue to make these sessions helpful for you. - Thanks for your participation and good feedback so far this year. - Our June session will be on June 16th and will be a session with an update on Cobra compliance. - Again, that will be June 16th at 11:00 a.m. and you'll hear more about that in another upcoming session soon. - You can always check the status of our past, current, or future webinars at probenefits.com. - Very quick word of instruction for today: we will be taking questions. - You can submit those through the question on the control panel and we'll get to most of those during the session. - If we don't get to them during the session, we'll get to them afterward. - Also, if you have any problems during the session regarding volume or hearing clearly, me or Chris, you may want to just log out and log back in real quickly. - Unfortunately, our connection is only as good as the internet connection through GoToWebinar, so if you have any problems, just either switch the phone and dial in by phone or refresh your mic...