Get the free Schedule A (Form 5500)

This form is required to report information related to insurance contracts, including coverage details, fees, and commissions associated with the contracts for pension plans under ERISA. It includes

How to fill out schedule a form 5500

How to fill out Schedule A (Form 5500)

1. Obtain Schedule A (Form 5500) from the IRS website or your plan administrator.
2. Fill in the basic information about your retirement plan, including the name, plan number, and employer identification number (EIN).
3. Provide information about the plan year and total plan assets.
4. Report the types of insurance policies held by the plan.
5. Indicate whether the plan is subject to collective bargaining agreements.
6. Include details about the insurance companies providing coverage.
7. List any related part-time employee contributions, if applicable.
8. Review and double-check the completed form for accuracy.
9. Submit Schedule A along with the complete Form 5500 by the filing deadline.

Who needs Schedule A (Form 5500)?

1. Employers with employee benefit plans that include insurance policies, such as health or life insurance.
2. Plan administrators responsible for reporting the status of employee retirement and welfare benefit plans.

People Also Ask about

What is schedule A on 5500?

This document contains the instructions for completing Schedule A of the Form 5500, which is used to report information concerning insurance contract coverage, fees, and commissions for employee benefit plans.

What type of return is a 5500?

Page 1 of 1 The 5500 series of tax forms are prepared by retirement plans. They report the business activity, investments, expenditures and earnings of the plan for the year.

What is a schedule 5500?

The employer maintaining the plan or the plan administrator of a Pension or Welfare benefit plan covered by 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 Schedule A and 5500?

Form 5500's “participant” count includes only participating employees and former employees, excluding spouses and dependents. Conversely, Schedule A's “covered persons” count includes everyone covered under the benefit, including spouses and dependents.

What's the difference between schedule A and schedule C?

Schedule As are typically provided by insurance carriers for insured benefits. Schedule C provides details on the fees associated with the plan and is typically only provided in the event the reportable fees exceed $5,000.

Is a Schedule A the same as a 5500?

Schedule As are typically provided by insurance carriers for insured benefits. Schedule C provides details on the fees associated with the plan and is typically only provided in the event the reportable fees exceed $5,000.

What is the difference between a schedule A and schedule C?

Most 401(k) plan sponsors are required to file an annual Form 5500, Annual Return/Report of Employee Benefit Plan. For an explanation of how to file your Form 5500 return, in addition to the EFAST electronic filing requirements, visit EFAST2 Filing.

For pdfFiller’s FAQs

What is Schedule A (Form 5500)?

Schedule A (Form 5500) is a form used to provide information about insurance and annuity contracts that are part of employee benefit plans, specifically for defined benefit plans and defined contribution plans. It reports details relating to plan funding through these contracts.

Who is required to file Schedule A (Form 5500)?

Plan administrators of employee benefit plans that utilize insurance or annuity contracts to fund benefits are required to file Schedule A as part of their Form 5500 filing.

How to fill out Schedule A (Form 5500)?

Filling out Schedule A involves providing detailed information about the insurance contracts, including the types of insurance, policy numbers, coverage amounts, and premiums paid. It should be completed following the instructions provided for the Form 5500.

What is the purpose of Schedule A (Form 5500)?

The purpose of Schedule A is to provide the Department of Labor with important information regarding the funding of employee benefit plans through insurance contracts, ensuring transparency and compliance with regulatory requirements.

What information must be reported on Schedule A (Form 5500)?

Information that must be reported includes the types of contracts used to fund the plan, the insurance companies involved, policy numbers, coverage amounts, and total premiums paid during the plan year.