United Benefit Advisors Insight and Analysis Blog

Ouch! Department of Labor Form 5500’s Time-Intensive and Expensive Reporting Requirements Painful for Small Employers

Posted by: Carol Taylor    Jan 17, 2017 10:49:45 AM

Proposed regulations for revising and greatly expanding the Department of Labor (DOL) Form 5500 reporting are set to take effect in 2019. Currently, the non-retirement plan reporting is limited to those employers that have more than 100 employees enrolled on their benefit plans, or those in a self-funded trust. The filings must be completed on the DOL EFAST2 system within 210 days following the end of the plan year.

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Topics: small business, Form 5500, health plan reporting, group benefit plans, small group employers, Carol Taylor