Proposed Changes to Form 5500 just released

[RatherBeGolfing]

Scheduled to be published 9/15.

Includes audit waiver eligibility based on account balances rather than eligible participants.

https://www.federalregister.gov/public-inspection/2021-19714/annual-information-returnreports

 

[Lois Baker]

Also additional DOL proposed changes for reporting, and for summary annual reports (SAR), with comment request:  https://www.federalregister.gov/public-inspection/2021-19713/annual-reporting-and-disclosure

And detailed Fact Sheet outlining the changes: https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/fact-sheets/secure-act-and-related-revisions-to-employee-benefit-plan-annual-reporting-on-the-form-5500.pdf