M5_Forms, Schedules and Attachments Flashcards
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What is Form 5500?
General form for large plan filers (100 participants or more) and Direct Filing Entities (DFEs) and those small plans not eligible to file the Form 5500-SF.
What is Form 5500-SF?
General form for small plan filers (under 100 participants with account balances) that have no employer securities, are eligible for an audit waiver, and keep 100 percent of plan assets in investments with readily ascertainable market values.
What is Form 5500-EZ?
Form for one-participant retirement plans (owner or owner and spouse) and partnership retirement plans covering only partners or partners and spouses, not subject to Title I ERISA reporting.
What is the asset threshold for an EZ-eligible plan to choose not to file?
An EZ-eligible plan can choose not to file in any year (other than the year the plan terminates) if assets do not exceed $250,000.
What must be filed for the last plan year of a one-participant retirement plan?
Regardless of the amount of plan assets, a Form 5500-EZ must be filed for the last plan year of the plan.
What is Schedule A?
Contains information about the plan’s insurance contracts/policies, including premiums and commissions paid.
What is Schedule C?
Lists fees paid by the plan to a service provider of $5,000 or more in direct or indirect fees.
What is Schedule D?
Contains information regarding a plan’s investments with certain financial institutions.
What is Schedule G?
Contains information regarding nonexempt transactions, such as prohibited transactions (PTs).
What is Schedule H?
Contains information regarding the plan’s assets and liabilities, income and expenses, and certain transactions.
What is Schedule I?
Contains information regarding the plan’s assets and liabilities, income and expenses, and certain transactions for small plans.
What is Schedule MB?
Contains actuarial information for defined benefit plans sponsored by Multiemployer Organizations.
What is Schedule R?
Contains information on distributions, minimum funding requirements, Employee Stock Ownership Plans, and coverage testing.
What is Schedule SB?
Contains actuarial information for defined benefit plans sponsored by single employers subject to minimum funding requirements.
What is the Accountant’s Report?
A report prepared by an independent qualified public accountant, required for all large plans and those small plans that do not meet the small plan audit waiver requirements.
