IRS 5500-EZ Instructions 2024-2026 free printable template

This form is used by one-participant retirement plans and foreign plans that are not subject to ERISA requirements. It includes instructions on how to file the form, who must file, and the filing

How to fill out IRS 5500-EZ Instructions

How to fill out form 5500-ez

1. Obtain Form 5500-EZ from the IRS website or your tax professional.
2. Fill in the plan year beginning and ending dates.
3. Provide the employer's name, address, and employer identification number (EIN).
4. Enter information about the plan, including plan name and type.
5. Specify the number of participants in the plan as of the end of the plan year.
6. Include financial information such as total assets and liabilities.
7. Sign and date the form at the bottom.
8. Submit the form electronically through the EFAST2 system or mail it to the appropriate address.

Who needs form 5500-ez?

1. Small businesses that have a one-participant retirement plan.
2. Businesses with a simplified employee pension (SEP) plan.
3. Self-employed individuals who sponsor their own retirement plans.
4. Retirement plans that do not have more than 100 participants at the end of the year.

People Also Ask about

Can I file form 5500-EZ electronically?

Beginning January 1, 2021, the Form 5500-EZ can be filed electronically using certain EFAST2-approved third-party software or using this website's IFILE tool. The Form 5500 Series Quick Start Guide provides an overview of how to file.

What is a 5500-EZ form?

Form 5500-SF Annual Return/Report of Small Employee Benefit Plan | Instructions. Form 5500-EZ Annual Return of a One-Participant Retirement Plan or a Foreign Plan | Instructions. Schedule A - Insurance Information. Schedule C - Service Provider Information.

Who is required to file form 5500-EZ?

Form 5500-EZ is used by one-participant plans and foreign plans that are not subject to the requirements of section 104(a) of the Employee Retirement Income Security Act of 1974 (ERISA) to satisfy certain annual reporting and filing obligations imposed by section 6058(a) of the Code.

What is Form 5500 and 5500-EZ?

The Internal Revenue Service (IRS) developed the Form 5500-EZ, Annual Return of A One-Participant (Owners/Partners and Their Spouses) Retirement Plan or A Foreign Plan. Form 5500-EZ is used by one-participant plans and foreign plans to satisfy annual reporting requirements under the Internal Revenue Code.

Who is required to file 5500-EZ?

Employers who sponsor one-participant plans or foreign plans must file Form 5500-EZ electronically using the Department of Labor's EFAST2 filing system. Only employers not subject to the IRS e-filing requirements under Treas. Reg. 301.6058-2 may file paper Form 5500-EZ with the IRS.

Can I file form 5500-EZ electronically?

Under EFAST2, you must electronically file the 2022 Forms 5500 and 5500-SF using EFAST2's web-based filing system or you may file through an EFAST2-approved vendor. The 2022 Form 5500-EZ can also be electronically filed using the EFAST2 filing system or filed on paper with the IRS.

Can form 5500-EZ be signed electronically?

Can I electronically sign the annual return/report for my client? Yes, if the plan administrator has authorized you to electronically submit the Form 5500/5500-SF/5500- EZ for the plan.

Do I need to file form 5500 for Solo 401k?

A one-participant 401(k) plan is generally required to file an annual report on Form 5500-EZ if it has $250,000 or more in assets at the end of the year. A one-participant plan with fewer assets may be exempt from the annual filing requirement.

Can I file my own 5500?

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.

What is the form 5500-EZ for solo 401k?

Form 5500-EZ is a regulatory requirement for self-employed people who have Solo 401k's with more than $250,000 worth of assets. The forms must be filed 7 months after the close of the fiscal year (typically by the end of July). It also has to be filed the year you close your plan.

How to fill out a 5500 form?

Information reported on Form 5500 includes: Company name. Employer identification number (EIN) Plan sponsor contact information. Number of active plan participants at the beginning of the plan year. Number of active participants at the end of the plan year.

What is the 5500-EZ for Solo 401k?

The 5500-EZ is a simplified, informational filing for owner-only 401(k) plans. Links to the form and instructions follow. If you terminate your Solo 401(K) plan, a final 5500-EZ filing is required, regardless of plan value. The filing must occur within 7 months of plan termination.

For pdfFiller’s FAQs

How do I make changes in IRS 5500-EZ Instructions?

The editing procedure is simple with pdfFiller. Open your IRS 5500-EZ Instructions in the editor, which is quite user-friendly. You may use it to blackout, redact, write, and erase text, add photos, draw arrows and lines, set sticky notes and text boxes, and much more.

How do I fill out the IRS 5500-EZ Instructions form on my smartphone?

Use the pdfFiller mobile app to complete and sign IRS 5500-EZ Instructions on your mobile device. Visit our web page (https://edit-pdf-ios-android.pdffiller.com/) to learn more about our mobile applications, the capabilities you’ll have access to, and the steps to take to get up and running.

How do I edit IRS 5500-EZ Instructions on an iOS device?

No, you can't. With the pdfFiller app for iOS, you can edit, share, and sign IRS 5500-EZ Instructions right away. At the Apple Store, you can buy and install it in a matter of seconds. The app is free, but you will need to set up an account if you want to buy a subscription or start a free trial.

What is form 5500-ez?

Form 5500-EZ is a one-page form that is used by certain retirement plan administrators to report information about single-employer retirement plans that are not subject to the Employee Retirement Income Security Act (ERISA).

Who is required to file form 5500-ez?

Employers who maintain a single-employer retirement plan that is not subject to ERISA, such as certain types of defined benefit or defined contribution plans, are required to file Form 5500-EZ when the plan has 100 or fewer participants.

How to fill out form 5500-ez?

To fill out Form 5500-EZ, one needs to provide basic information about the plan, including the name, type, and fiscal year, as well as details about the plan sponsor and the number of plan participants.

What is the purpose of form 5500-ez?

The purpose of Form 5500-EZ is to provide the IRS and the Department of Labor with information about the financial condition, investments, and operations of retirement plans, ensuring compliance with federal regulations.

What information must be reported on form 5500-ez?

Form 5500-EZ requires reporting information such as the name and EIN of the plan sponsor, the plan name, the plan number, the type of plan, the number of participants, and financial information including plan assets and liabilities.