Latest Alerts
- Colorado Adopts Final Rules to Implement the State’s Privacy Act
(posted: 04/03/2023)The CPA Imposes Requirements On Organizations That Conduct Business In Colorado On March...
- Idaho Extends Unemployment Benefits to Military Spouses and Domestic Violence Victims
(posted: 03/30/2023)The Amendments Provide Some Flexibility To The General Eligibility Criteria On March 21, 2023,...
- Virginia Prohibits Using Social Security Numbers on Employee Badges
(posted: 03/30/2023)Employers Cannot Use Social Security Numbers As Employee Identification Numbers or Include Them...
Reminder: Form 5500 Filing Deadline is July 31
posted: Friday, July 7th
Reminder: Form 5500 Filing Deadline is July 31
Certain Group Health Plans Required to File
Group health plan administrators are reminded that Form 5500, Annual Return/Report of Employee Benefit Plan, must be filed with the U.S. Department of Labor (DOL) by the last day of the seventh month after the plan year ends. For calendar-year plans, that due date falls on July 31.
Who Must File Form 5500
In general, all group health plans covered by the Employee Retirement Income Security Act (ERISA) are required to file Form 5500. However, group health plans (whether fully insured, self-insured, or a combination of the two) that covered fewer than 100 participants as of the beginning of the plan year are exempt from the Form 5500 filing requirement.
How to File Form 5500
Forms 5500 and applicable Forms 5500 must be filed electronically with the DOL through the ERISA Filing Acceptance System (EFAST2), using either the IFILE web-based filing system or EFAST2-approved vendor software.
Note: Even though Form 5500 is filed electronically, the plan administrator must keep a copy on file, and must make a paper copy available upon request to participants, beneficiaries, and the DOL.
