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This document expresses objections from the American Academy of Actuaries’ Pension Committee regarding the proposed addition of Question 12 to the Form 5500 Schedule B, which pertains to asset classification
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What is form 5500 - american?
Form 5500 is an annual report filed with the U.S. Department of Labor by employee benefit plans to provide information on the financial condition, investments and operations of the plan.
Who is required to file form 5500 - american?
Employee benefit plans, such as pension plans and welfare benefit plans, are required to file Form 5500 if they meet certain criteria set by the Department of Labor and the Internal Revenue Service.
How to fill out form 5500 - american?
Form 5500 can be filled out electronically using the EFAST2 filing system. Detailed instructions and guidance are provided by the Department of Labor and can be accessed on their website.
What is the purpose of form 5500 - american?
The purpose of Form 5500 is to ensure transparency and disclosure of information regarding employee benefit plans. It allows the government, participants, and beneficiaries to assess the financial health of the plan.
What information must be reported on form 5500 - american?
Form 5500 requires various information to be reported, including plan identification details, financial information, insurance information, service provider information, and compliance questions.
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