Form 5500 Filings Being Carefully Monitored by the DOL and EBSA


Form 5500 practitioners and filers recently received an email reminder notice to file an amended 2014 Form 5500 if they did not properly include the report of an independent accountant when originally filing. These notices were not a Notice of Rejection and do not constitute the statutory 45-day correction period. However, the notices should be a warning that the Department of Labor and the Employee Benefit Security Administration are continually monitoring the filing of Form 5500.

These emails were sent only to individuals who filed Form 5500 on behalf of the plan administrator. If you received an email reminder notice, you should file your amended 2014 Form 5500 within the next few weeks or you may receive a formal Notice of Rejection letter which will indicate that the 45-day statutory correction period has started. This letter will be sent by express delivery service, such as USPS or UPS.

BPM’s Employee Benefits team consists of professionals with extensive knowledge of ERISA guidelines and deep expertise performing employee benefit plan audits.