How long can practitioners dodge the bullet of 5500 "compliance questions?"
Frankly, compared to what the IRS and DOL want to ask, the compliance questions appearing on the 2016 return are a "walk in the park." The DOL and IRS filed a 777-page proposal for changes to revamp Form 5500. The additional questions may give many employers cause to reconsider the choices they have made for their plans.
Derrin Watson, who has over 15 years of experience teaching and writing about Form 5500, explains the issues involved and answers your questions.
- S. Derrin Watson, J.D., is a pension attorney and educator, consulting, speaking, and writing about a variety of pension topics, including Form 5500 issues, 401(k), 403(b), 457, and 409A plans. He has just released the 7th edition of his book, Who's the Employer, A Guide to Employer and Aggregation Issues Affecting Qualified Plans on ERISApedia.com. In 2006, ASPPA awarded him its Educator's Award for his work in providing professional education to plan practitioners.
- Timothy M. McCutcheon, JD, CPA, MBA, is the Publisher of ERISApedia.com and President of Burrmont Compliance Labs, LLC. Prior to his launch of ERISApedia.com, Timothy was the founder of ftwilliam.com.
Recording available at the link below.
Also online: Presentation slides (PDF)
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