To help your company meet its ongoing compliance requirements, I wanted to provide a brief reminder about the annual Form 5500 filing deadline. Below are a few key points to note about this requirement.
- When to File: The Form 5500 must be filed with the DOL by the last day of the seventh month after the plan year ends. For calendar-year plans, that due date falls on July 31.
- Who Must File: In general, all group health plans covered by ERISA are required to file. However, group health plans that covered fewer than 100 participants as of the beginning of the plan year are exempt from the filing requirement.
- How to File: Forms 5500 must be filed electronically with the DOL through the ERISA Filing Acceptance System (EFAST2), using either the IFILE web-based filing system or EFAST2-approved vendor software.
At CBG Benefits, we help our clients meet this compliance requirement each year. If you have any questions about what your firm may need to do to file the Form 5500, please contact our team at 781-759-1222.