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EFAST for H&W plans?


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Guest Georgia1
Posted

Are welfare plans subject to the EFAST rules for the 2009 5500 forms?

  • 4 weeks later...
Guest Form5500
Posted

Yes. With the exception of a plan covering the sole owner (and his/her spouse) or partners in a partnership (and their spouses) and no employees ("owner only plan"), all plans, including retirement, welfare and 403(b) plans, will need to file their Form 5500s electronically.

Owner only plans will file a paper copy of the Form 5500 EZ with the IRS. However, owner only plans which do not hold employer stock may elect to file a Form 5500-SF (Short Form) electronically with the DOL.

*Reminder: Welfare plans with less than 100 particioants at the beginning of the plan year, and don't have a VEBA attached, are except from filing the Form 5500.

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