What is a Form 5500?

The Form 5500 is a report of plan activity that must be filed for your 401(k) plan each year. The form requires plans to disclose financial and operational details, which are used by the Department of Labor, Internal Revenue Service, and the Pension Benefit Guaranty Corporation for research and compliance purposes. 

The annual report requires disclosure of:

  • General plan information and service providers
  • Number of participants 
  • Financial data, such as assets, liabilities, income, expenses, and transfers
  • Types of benefits provided for under the plan
  • Operational activities
  • Plan funding
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