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Cat. No. 24414Y Schedule I Form 5500 2008 J v11. 3 Page f Corrective distributions see instructions. Financial Information -- Small Plan Department of the Treasury Internal Revenue Service Pension Benefit Guaranty Corporation For the calendar plan year 2008 or fiscal plan year beginning A OMB No. 1210-0110 This schedule is required to be filed under Section 104 of the Employee Retirement Income Security Act of 1974 ERISA and section 6058 a of the Department of Labor Employee Benefits Security...Administration Official Use Only This Form is Open to Public Inspection. File as an attachment to Form 5500. MM / D D / Y Y Y Y and ending FI LI NG SCHEDULE I Form 5500 Name of plan D Employer Identification Number R Plan sponsor s name as shown on line 2a of Form 5500 US E FO C Three-digit plan number B Small Plan Financial Information NO Part I T Complete Schedule I if the plan covered fewer than 100 participants as of the beginning of the plan year. You may also complete Schedule I if you are...filing as a small plan under the 80-120 participant rule see instructions. Attention Telephone requests for the forms schedules and instructions for the 2008 Form 5500-series will not be filled until December 10 2008. Requests for the 2008 Form 5500-series products can be made on the Internet see below beginning December 10 2008. Requests made prior to that date will be filled with the 2007 version of the products. The product you are about to view is provided for information purposes and should...not be reproduced on personal computer printers by individual taxpayers for filing. The Forms 5500 and 5500-EZ and related schedules are printed on special paper with dropout ink so they can be processed by the computerized processing system EFAST. These forms and schedules may be obtained by calling 1-800-TAX-FORM 1-800-829-3676. Be sure to order using the IRS form number. Note You can also use the Internet link Forms and Publications by U*S* Mail to request a limited number of these forms and...schedules. Check the Department of Labor s website at www. efast. dol*gov for additional information concerning the processing system electronic filing software and non-standard filings. Note There is no Schedule B Form 5500 for filing 2008 plan year actuarial information* Instead file the 2008 Schedule MB Form 5500 Multiemployer Defined Benefit Plan and Certain Money Purchase Plan Defined Benefit Plan Actuarial Information as applicable. For only plan year 2008 filings paper Schedules MB and SB...are provided in the format presented for completion by pen or typewriter. Financial Information -- Small Plan Department of the Treasury Internal Revenue Service Pension Benefit Guaranty Corporation For the calendar plan year 2008 or fiscal plan year beginning A OMB No* 1210-0110 This schedule is required to be filed under Section 104 of the Employee Retirement Income Security Act of 1974 ERISA and section 6058 a of the Department of Labor Employee Benefits Security Administration Official Use...Only This Form is Open to Public Inspection* File as an attachment to Form 5500.

Instructions and Help about DoL 5500 - Schedule I

How to edit DoL 5500 - Schedule I

How to fill out DoL 5500 - Schedule I

Instructions and Help about DoL 5500 - Schedule I

How to edit DoL 5500 - Schedule I

To edit DoL 5500 - Schedule I, you can use pdfFiller's document editing tools. Upload your current form to the platform, and utilize the editing features to make necessary adjustments. Ensure accuracy and clarity in your entries to avoid errors during submission. After editing, save your changes and prepare for filing.

How to fill out DoL 5500 - Schedule I

Filling out DoL 5500 - Schedule I involves several steps. Follow these instructions for proper completion:

1. Gather necessary information related to the plan, including contributions and expenses.
2. Fill in the identification details of the plan, including its EIN (Employer Identification Number).
3. Provide detailed financial information, including the amounts for assets and liabilities.
4. Complete any sections specific to your plan type according to IRS guidelines.

Be diligent in reviewing the data provided to ensure compliance with IRS filing requirements.

About DoL 5500 - Schedule I 2008 previous version

What is DoL 5500 - Schedule I?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About DoL 5500 - Schedule I 2008 previous version

What is DoL 5500 - Schedule I?

DoL 5500 - Schedule I is a specific tax form used to provide relevant financial information related to employee benefit plans. This form is a part of the annual report that certain employee benefit plans must file under the Employee Retirement Income Security Act (ERISA) and must be submitted to the Department of Labor (DoL) and the Internal Revenue Service (IRS).

What is the purpose of this form?

The primary purpose of DoL 5500 - Schedule I is to facilitate transparency by reporting the financial condition, investments, and operations of employee benefit plans. The data collected helps the DoL and IRS ensure compliance with regulatory standards and monitor the management of employee benefits.

Who needs the form?

DoL 5500 - Schedule I is required for specific employee benefit plans that are covered under ERISA. Mainly, this pertains to plans with fewer than 100 participants at the beginning of the plan year that are exempt from filing a full Form 5500. However, it is essential to verify eligibility based on your specific plan details.

When am I exempt from filling out this form?

You may be exempt from filing DoL 5500 - Schedule I if your plan is a small plan with fewer than 100 participants, and it's a non-fiduciary plan. Additional exemptions may apply depending on the type of plan, such as certain government plans or unfunded employee plans. Check IRS guidelines for specific exemptions related to your plan type.

Components of the form

DoL 5500 - Schedule I consists of several critical components, including:

1. Identification information about the plan and sponsor.
2. Financial performance details, including plan assets and liabilities.
3. Information on investments made by the plan and service providers.

Each section serves to provide a comprehensive view of the plan's financial status and compliance with federal regulations.

What are the penalties for not issuing the form?

Not issuing DoL 5500 - Schedule I can result in significant penalties. The IRS may impose fines for late filing, which could increase depending on the duration of the delay. Additionally, failure to file accurately may lead to further scrutiny by federal agencies and potential legal consequences for plan administrators.

What information do you need when you file the form?

When filing DoL 5500 - Schedule I, you will need the following information:

1. The plan's name and Employer Identification Number (EIN).
2. Financial data such as the total value of plan assets, liabilities, and participant contributions.
3. Details regarding service providers and plan investments.

Having this information accurately prepared can streamline the filing process and reduce the potential for errors.

Is the form accompanied by other forms?

DoL 5500 - Schedule I may be submitted alongside other forms, depending on the specifics of your employee benefit plan. For plans with more complexity, you may need to file additional schedules or forms, such as Form 5500 itself or Schedule C if applicable. Review IRS documentation for guidance on what needs to accompany your submission.

Where do I send the form?

DoL 5500 - Schedule I should be sent electronically through the IRS Federal/State E-File Program. Ensure to follow the submission guidelines as outlined on the IRS website for proper delivery. Confirm that your filing adheres to all deadlines to avoid penalties.

FAQ about 2008 5500 form

What should I do if I need to correct a mistake on my submitted 2008 5500 form?

If you discover an error after submitting the 2008 5500 form, you can submit an amended version of the form to correct it. It's important to clearly mark the form as 'Amended' and include any necessary documentation supporting the changes. Make sure to submit it to the same address or e-file it through the designated channels, ensuring all corrections are accurate to avoid further issues.

How can I check the status of my 2008 5500 form submission?

To verify the status of your 2008 5500 form, you should use the IRS online tracking tools if e-filing, or contact the address specified for submissions if sent by mail. Common e-file rejection codes can provide insight if your form was not accepted, allowing you to address any issues swiftly.

What are the privacy and data security considerations when filing the 2008 5500 form online?

When filing the 2008 5500 form electronically, it's crucial to ensure that your data is safeguarded. Use secure and reputable e-filing software that complies with IRS regulations. Additionally, adhere to best practices such as using strong passwords and enabling two-factor authentication to protect sensitive information from unauthorized access.

Are there any specific requirements for filing the 2008 5500 form for nonresidents or foreign payees?

Filing the 2008 5500 form for nonresidents or foreign payees may involve additional considerations. It's essential to understand who is responsible for filing and if any special rules apply to the circumstances of foreign income or tax treaties. Consulting with a tax professional familiar with international requirements can help ensure compliance.

What kinds of errors are commonly made when filing the 2008 5500 form, and how can I avoid them?

Common errors when filing the 2008 5500 form include mismatched information, such as incorrect tax identification numbers or discrepancies in reported amounts. To avoid these pitfalls, double-check all entries against your records and use a checklist to ensure all required sections of the form are completed accurately before submission.