TPApril Posted March 1, 2012 Share Posted March 1, 2012 Company of 300 ee has 3 medical and 1 dental plans. Never knew they needed to file 5500's. In order to save dfvc penalties, would be nice to file as 1 wrap plan. Can such a document be prepared now to cover prior years in order to process these filings? We dont even know how far back to go. Link to comment Share on other sites More sharing options...
Guest Stevecpa Posted March 1, 2012 Share Posted March 1, 2012 I've actually done a retroactive effective date wrap document one time, with no backdating, to minimize the penalties before they were reduced. In addition, I've had several clients file one 5500 as though they had a wrap document. We implemented a prospective plan for them without amending prior years. Link to comment Share on other sites More sharing options...
Guest matthew222 Posted March 2, 2012 Share Posted March 2, 2012 I agree. Retro 5500's can be performed. I don't know all the rules on penalties, so perhaps talk to this colleague of mine: Iris Thill Benefits Compliance Consultants Office: (515) 244-2424 Link to comment Share on other sites More sharing options...
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