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TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION The Employee Plans Function Should Continue Its Efforts to Obtain Needed Retirement Plan Information September 20, 2011, Reference Number: 2011-10-108
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What is form employee plans function?
Form employee plans function (Form 5500) is a report that must be filed annually with the IRS by both retirement plans and welfare benefit plans to report information about the plan's financial condition and operations.
Who is required to file form employee plans function?
Employers offering retirement plans or welfare benefit plans are required to file form employee plans function.
How to fill out form employee plans function?
Form employee plans function can be filled out electronically through the EFAST website or using approved software. The form requires information about the plan's finances, operations, and compliance with regulatory requirements.
What is the purpose of form employee plans function?
The purpose of form employee plans function is to gather information about employee benefit plans to ensure that they comply with federal regulations and to provide transparency about the plan's operations.
What information must be reported on form employee plans function?
Form employee plans function requires information about the plan's funding, investments, participants, and compliance with ERISA regulations.
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