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IRS Notice: Proposed Changes to Form 5500 for Pension, Welfare Benefit Plan Reporting (IRC §6058)

Sept. 14, 2021, 5:00 AM

Proposed changes to the Form 5500 Annual Return/Report forms filed for employee pension and welfare benefit plans relate to ERISA and I.R.C. statutory changes under the SECURE Act, the IRS (along with Department of Labor and PBGC) provided September 14. Additional changes are intended to improve reporting on multiemployer defined benefit pension plan funding, update Form 5500 financial reporting to make the financial information collected on the Form 5500 more useful and usable, enhance the reporting of certain tax qualification and other compliance information by retirement plans, and, transfer to the DOL Form M-1 (Report for Multiple Employer Welfare Arrangements ...

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