You must file a Form 5500 by the end of the seventh month after the close of the plan year. If your employee benefits plan is on the calendar year, it means that your deadline is this July 31st.
Filing a Form 5500 is necessary for all plans that must comply with ERISA. This includes qualified retirement plans such as 401(k) plans, profit sharing plans, and IRAs. You must also submit a Form 5500 for group insurance plans, and this includes medical, dental, vision, and life insurance plans. If you want to file for an extension, you will need to file a Form 5558 by July 31st and submit the complete Form 5500 by October 15th of this year.
If you have any questions about your reporting requirements, let us know. Our team at SmartBooks is here to help!