Government Reporting

The Internal Revenue Service (IRS), Department of Labor (DOL) and Pension Benefit Guaranty Corporation (PBGC) assume major regulatory roles in all employee benefit plans. Reporting and/or disclosure forms must be filed every year at specific times—much like filing your personal income taxes by April 15th. The forms are complex and require a considerable investment of time to complete. RSG has the expertise required to ensure all required reports and forms are filed accurately and in a timely manner.

The Internal Revenue Service (IRS), Department of Labor (DOL) and Pension Benefit Guaranty Corporation (PBGC) assume major regulatory roles in all employee benefit plans. Reporting and/or disclosure forms must be filed every year at specific times—much like filing your personal income taxes by April 15th. The forms are complex and require a considerable investment of time to complete. RSG has the expertise required to ensure all required reports and forms are filed accurately and in a timely manner.

RSG provides required governmental filings and forms:

IRS Form 5500 Series

Annual return/report of the plan’s operation and financial activity. IRS Forms 5500, 5500-C/R, Schedule A, Schedule B, Schedule P and Schedule SSA. A Plan must file with the IRS by the last day of the seventh month after the close of the plan year. (Does not include Accountant’s Statement on Form 5500).

Summary Annual Report (SAR)

Pertinent plan information from the plan’s annual report must be provided to each participant within nine months after the end of the plan year.

Summary Plan Description (SPD)

A detailed summary of the plan’s provisions. This report must be provided to each participant when establishing the plan. A new SPD must be provided to plan participants once every five years if a plan is modified, or at least once every ten years regardless of the status of the plan’s provisions.