5500 Filing Services

5500 Filing Services


Form 5500 preparation can be tedious and time consuming, and the penalties for late and inaccurate information can be significant.  Avoid IRS scrutiny! We know the red flags that can lead to audit and can review your plan’s compliance documentation for incorrect and missing information.

Whether you currently prepare your 5500s in-house or contract with another outside provider, McConnell & Jones has specialized knowledge to accurately prepare and/ore review the Forms to ensure compliance of your plan from beginning to end.

Our Services:

  • Form 5500 Preparation
    • Form 5500 / 5500-SF
    • Form 5500-EZ
    • Form 8955-SSA
    • Form 5558 Extensions
    • Summary Annual Report (SAR) Preparation
  • Form 8955-SSA Preparation and E-filing
  • IRS & DOL Corrections:
    • Form 5330
    • Voluntary Fiduciary Correction Program (VFCP)
  • Delinquent Filers Voluntary Compliance (DFVC) Program:
    • In case of delinquent filings, MJ can help prepare and file by meeting the requirements under DOL’s DFVC program which involves by paying a nominal penalty and avoid paying exorbitant penalty amounts.

What

Developed by the Internal Revenue Service (IRS) and the Department of Labor (DOL), the Form 5500 for employee benefit plans provides information about a plan’s operation and compliance with government regulations.

Why

All pension plans, welfare plans with a trust, and welfare benefit plans without a trust but with 100 or more participants are required to file Form 5500 with the Department of Labor (DOL) every year. Plan sponsors must generally file the return on the last day of the seventh month after their plan year ends, or they can file an extension that extends the due date further by two and a half months.

 

 


Contact us today to discuss the compliance of your plans or read more of our thought leadership.

 

Eric Ernest, CPA, Partner, Employee Benefit Plan Assurance Services

EErnest@mjlm.com

 

 

 

Sharjeel Ahsan, CPA, Benefit Plan Compliance / Form 5500 Expert

SAhsan@mjlm.com

Form 5500 / 5500-SFForm 5500-E