Form 5500

Is My Health Plan Responsible for filing a 5500 form?

Employers who offer certain types of employee benefit plans, including health plans, are generally required to file Form 5500 with the Department of Labor (DOL) and the Internal Revenue Service (IRS) annually.

The filing requirement applies to employers who sponsor welfare benefit plans that cover more than 100 participants, including both employees and their dependents. This requirement includes most group health plans offered by employers, such as medical, dental, vision, and prescription drug plans.

For small plans with fewer than 100 participants, the filing requirement is generally waived unless the plan is funded through a trust. If the plan is funded through a trust, the employer must file a Form 5500 even if the plan covers fewer than 100 participants.

In addition, there are some exemptions and exceptions to the filing requirement for certain types of plans and employers, such as church plans and governmental plans. Employers should consult with their plan administrator, legal counsel, or benefits advisor to determine whether their plan is subject to the Form 5500 filing requirement.  If you need assistance, or have questions, please contact us at!

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