Get the free 2009 Form 5500

This document provides guidance on filing the 2009 Form 5500, including significant changes in the electronic filing process and the new requirements for reporting service provider fees and compensation.

How to fill out 2009 form 5500

How to fill out 2009 Form 5500

1. Obtain the 2009 Form 5500 from the IRS website or other authorized sources.
2. Gather necessary information about the employee benefit plan, including plan name, plan number, and employer identification number (EIN).
3. Complete the required sections of the form, including basic plan information, financial information, and compliance questions.
4. If applicable, ensure to attach additional schedules that apply to your plan, such as Schedule A for insurance information or Schedule C for service provider information.
5. Review the completed form for accuracy and ensure all necessary signatures are included.
6. File the completed Form 5500 by the due date, which is generally the last day of the 7th month after the plan year ends, and ensure to file electronically if required.

Who needs 2009 Form 5500?

1. Any employee benefit plan that has 100 or more participants at the beginning of the plan year.
2. Multiple employer plans.
3. Plans that are required to file under ERISA (Employee Retirement Income Security Act).
4. Certain small plans that choose to file voluntarily to meet reporting requirements.

People Also Ask about

Can I file form 5500 myself?

You can easily do this very simple tax filing yourself and save the money. There are two ways to file: by postal mail using IRS Form 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan to the IRS, or. electronically, by filing IRS Form 5500-SF.

Do I have to file a 5500 for my health plan?

Generally, any business that sponsors a retirement savings plan must file a Form 5500 each year that the plan holds assets. Form 5500 Series reporting may also be required for certain employer-sponsored health and welfare plans, including medical, dental, life insurance and disability benefits.

Who is required to file Form 5500?

The employer maintaining the plan or the plan administrator of a pension or welfare benefit plan covered by the (Employee Retirement Income Security Act) ERISA. File Form 5500 to report information on the qualification of the plan, its financial condition, investments and the operations of the plan.

Who is exempt from 5500?

Who is exempt? Government entities and church groups are exempt from Form 5500 filing. When is Form 5500 due? Form 5500 is due on the last day of the seventh month following the plan year.

Who is required to file a 5500 form?

The employer maintaining the plan or the plan administrator of a pension or welfare benefit plan covered by the (Employee Retirement Income Security Act) ERISA. File Form 5500 to report information on the qualification of the plan, its financial condition, investments and the operations of the plan.

What is the difference between form 5500 and 5500-EZ?

There are 3 types of Form 5500: Form 5500-EZ — for one-participant plans only; Form 5500-SF for plans with fewer than 100 participants; and Form 5500 — for plans with 100 or more participants. Forms 5500 and 5500-SF must be filed electronically using the DOL ERISA Filing Acceptance System (EFAST2)Opens in a new window.

Do all self-funded plans have to file 5500?

Generally, group health plans covering private- sector employees must file a Form 5500 only if they cover 100 or more participants, hold assets in trust, or constitute a plan MEWA. Governmental and church plans, regardless of size, also are not required to file a Form 5500.

What happens if you don't file Form 5500?

It's normally a year after it was due and includes a substantial penalty. Late filed returns are subject to penalties from both IRS and DOL, so it's very important to identify this mistake before we do. The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000.

For pdfFiller’s FAQs

What is 2009 Form 5500?

2009 Form 5500 is an annual report that employee benefit plans must file with the U.S. Department of Labor (DOL) to disclose the financial condition, investments, and operations of the plan.

Who is required to file 2009 Form 5500?

Generally, any employee benefit plan with 100 or more participants at the beginning of the plan year must file Form 5500. Additionally, certain smaller plans, multiple employer plans, and other specific plans may also be required to file.

How to fill out 2009 Form 5500?

To fill out 2009 Form 5500, plan administrators must gather necessary financial and operational data, complete the form accurately with relevant information, and submit it electronically through the DOL's e-filing system or paper forms if applicable.

What is the purpose of 2009 Form 5500?

The purpose of Form 5500 is to provide the federal government with information about the financial status and operation of employee benefit plans, ensuring compliance with the Employee Retirement Income Security Act of 1974 (ERISA) and other regulations.

What information must be reported on 2009 Form 5500?

On 2009 Form 5500, entities must report information such as plan demographics, financial statements, trust information, investment performance, and compliance with federal laws regulating employee benefit plans.