The Program offers year-end and mid-year nondiscrimination testing for 401(k) plans, top heavy testing for all plans, and contribution calculations.  Respond to our solicitation email in the first month of your plan year begins to request these services, offered at no additional cost.  The Program will reach out to you in the eighth month of the plan year to offer a mid-year nondiscrimination test if you sponsor a non-safe harbor 401(k) plan.

Form 5500 is an annual report that informs the government regarding demographic and financial information for the plan.  It is an important tool that allows regulators to monitor retirement plan trends.  The filing deadline is the last day of the seventh month following your plan year-end.  The Program will prepare and provide Form 5500 to be filed through our eFile website and email you the filing notifications when it is ready to be filed.

The Program will ensure that the master and prototype plan is in regulatory compliance, if you have adopted the prototype.  To ensure that your plan is in operational compliance, see the compliance checklist.

Compliance, Communications & Form 5500

This section contains information on the reporting and communication requirements for your plan. As Plan Administrator, you will need to determine the requirements that apply to your plan based on the number of participants in your plan and your plan type.

In general, there are three types of reporting, compliance or communication requirements:

  • Communication to plan participants,
  • Plan testing requirements, such as top-heavy and nondiscrimination testing, and
  • Reporting requirements to the Internal Revenue Service (IRS) and/or Department of Labor (DOL), such as Form 5500.