New regulations relating to Form 5500, Annual Return/Report of Employee Benefit Plan, have been issued to reflect changes in the Pension Protection Act of 2006 (PPA). The electronic filing requirement mandated by the PPA has been postponed for one year. The new regulations generally apply to plan years beginning after 2008. This gives employers more time to meet the requirements. In addition to the delay, the federal government has modified Form 5500 and created a new short form (Form 5500-SF) for small pension and welfare plans.
AccountingWeb.com, Reprinted with permission from The Tax Strategist
, August 2008.