Filing & administration
Form 5500
The annual report ERISA requires for most employer-sponsored benefit plans. Group health plans with 100+ participants on the first day of the plan year must file. Due July 31 for calendar-year plans, with a 2.5-month extension available via Form 5558. Penalties for late filing can exceed $2,000/day.Last reviewed: · TMRW Benefits is a benefits brokerage, not a tax or legal advisor. Consult a CPA or attorney for situation-specific guidance.
Related terms
ERISA (Employee Retirement Income Security Act of 1974)
Federal law governing most private-sector benefit plans.
Read definitionSPD (Summary Plan Description)
Plain-language plan explanation for participants.
Read definitionSAR (Summary Annual Report)
Annual Form 5500 summary for participants.
Read definitionMore in Filing & administration
SPD (Summary Plan Description)
Plain-language plan explanation for participants.
Plan Document
Legal document establishing an ERISA plan.
Wrap document
Combines carrier certs with ERISA elements.
SAR (Summary Annual Report)
Annual Form 5500 summary for participants.
Form 1094-C / 1095-C
IRS ACA reporting forms for ALEs.
SBC (Summary of Benefits and Coverage)
Standardized ACA plan-comparison summary.
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