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About this Blog
Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Form 5500 Penalty Relief Deadline Approaching for MEPs
On July 24, 2019, the Department of Labor (the “DOL”) issued Field Assistance Bulletin 2019-01 (the “Bulletin”), which provides transition relief to multiple employer plans (“MEPs”) that failed to comply with certain annual reporting requirements. The Bulletin focuses on a … Continue reading
Posted in Employee Benefits, Qualified Retirement Plans
| Tagged compliance, Form 5500, MEP, multiple employer plan, participating employer, transition relief
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Contemplating a Severance Plan? Consider ERISA
A severance plan may be subject to the requirements of ERISA as an employee welfare benefit plan. The determination of whether a severance plan is subject to ERISA depends in large part on whether the plan is part of an … Continue reading
Posted in Employee Benefits, Executive Compensation, Qualified Retirement Plans
| Tagged correction, ERISA, Form 5500, penalty, preemption, severance plan
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IRS: Don’t Answer All the 5500 Questions!
The 2015 Form 5500 added some new optional compliance questions for the 2015 Forms 5500 and 5500-SF. In December 2015, the IRS issued frequently asked questions on the new compliance questions and strongly encouraged plan sponsors to answer the questions. … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Qualified Retirement Plans
| Tagged 5500, 5500-sf, annual report, complete, filing, form, Form 5500, IRS, office of management and budget, omb
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Form 5500 Deadline is Quickly Approaching
As a reminder, the annual Form 5500 deadline is quickly approaching. Calendar year employee benefit plans that applied for an extension must file Forms 5500 by Thursday, October 15, 2015. The Form 5500 Annual Return/Report of Employee Benefit Plan is … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Qualified Retirement Plans
| Tagged Form 5500
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IRS Provides Penalty Relief for Late Form 5500 Filers
Plan administrators that fail to timely file their Form 5500s can be subject to penalties under both ERISA and the Code. The Department of Labor’s Delinquent Filer Voluntary Compliance Program (“DFVCP”) provides plan administrators with the opportunity to pay reduced … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Qualified Retirement Plans
| Tagged DFVCP, Form 5500, IRS
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