IRS Reminder: File Form 5500 Before July 31

Form 5500 is a report containing financial, investment and operational information about employee benefit plans, including those plans that participate in the ABA Retirement Funds Program ("the Program”). Plans with fewer than 100 participants as of the beginning of the plan year may file Form 5500-SF (short form) while plans with 100 or more participants as of the beginning...

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Simplifying Form 5500 Reporting: Accrual to Cash Methodology

Historically the Program has prepared the Form 5500 using the “accrual” method of accounting. This accrual accounting convention includes on Form 5500 all contributions intended for the plan year being reported (e.g., the 2017 plan year), even if a contribution is made after the close of that plan year (e.g., during 2018). Beginning with the 2018 plan year, we will...

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Form 5500 – New Security Change

For plans whose plan year ends on December 31, the Program prepared Form 5500/5500-SF and provided filing notifications to plan administrators on or about June 15. The filing deadline is July 31. NEW: Beginning with the 2017 Plan Year filing, the filing notification process has changed. Previously, the filing notifications consisted of two emails: the first contained the plan administrator’s...

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IRS Reminder: File Form 5500 Before July 31

Form 5500 is a report containing financial, investment and operational information about employee benefit plans, including those plans that participate in the ABA Retirement Funds Program (the “Program”). Generally, plans with fewer than 100 participants as of the beginning of the plan year may file Form 5500-SF (short form) while plans with greater than 100 participants file the full...

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