Government regulators, hoping for a clearer picture on the condition of retirement plans, have announced changes to the Form 5500 and its short-form cousin that include estimates of an employer's annual contributions to a plan.
Other changes required by the Employee Benefit Security Administration, IRS and Pension Benefit Guaranty Corp. will require sponsors to document the number of participants at the beginning and end of a plan year.
Advanced copies of the modified forms, and their instructions, are available to plan sponsors on the Department of Labor's website, although they are for informational purposes only at this point and cannot be used to file the annual reports.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
