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League City Texas Form 5500 - Schedule I: What You Should Know

Form 5500 Series page for this form. At the end of the workshop, City managers will hand out 2 forms: the. Form 5500. And the. Form 5500 Annual Report/Report. The first will indicate the employer/employee, and the second will give the annual percentage rate. Please note:  • The first is for those covered under a union contract. • The second is for those NOT covered by a union contract, but who are covered for a defined benefit pension by an employee plan. If you attended the October 31st workshop, please download the updated  May 22, 2023 — The Annual Report (Schedule E) of your plan for 2023 is due by April 15, 2018. You MUST file an annual report, which includes the following information: 1. Plan Description 2. Participant List 3. Number of Participants/Participant/Participant List 4. Summary of Beneficiaries 5. Employer List (if it does not appear on the participant list) 6. Other Information Frequently Asked Questions Regarding The City's Pension Plan/Plan Benefits for Sops/ESOP Plan Participants in Corpus Christi Are you a plan participant under the following ESOP/Plan benefits? The following Plan benefits will apply to all eligible Plan participants who meet the following conditions: 1. Have a Plan which was signed between April 1, 2008, through December 31, 2012. 2. Have a Plan which was created prior to January 1, 2005, unless it was modified by the plan, or the Plan participant was added to the plan after January 1, 2005, in which case the modification period began on January 1, 2005. Where does the City get the funds to pay our pension/retirement expenses? To make sure the City is funded, Plan participants have an automatic, self-funded pension to supplement their pay. Plan participants may receive a contribution from either the City or an employer with a plan that qualifies for employer matching contributions with the ESOP, including City Retirement (FRS). Pension contributions must accompany an application for a Plan or ESOP. The City has to report the Plan contribution to the Form 5500 -- Schedule I Online Schedule . Contributions may need to be made each month. A complete explanation of how to submit a Pension Plan/ESOP participant contribution is in How to make Pension Plan/ESOP Contribution in the City of Corpus Christi.

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