Employee Benefits Reporting and Disclosure Requirements: Form 5500 . . . And Beyond!

New England Employee Benefits Council (NEEBC)
(previously presented in May 2010, 2011 and 2013)

David A. Guadagnoli presented "Employee Benefits Reporting and Disclosure Requirements: Form 5500 . . . and Beyond!" at a workshop sponsored by the New England Employee Benefits Council. This hands-on session featured a look at the ever growing list of required disclosures under plans subject to ERISA, including the old mainstays – Summary Plan Descriptions (SPDs), Summary of Material Modifications (SMMs), and Summary Annual Reports (SARs) – and a wealth of new notices – qualified default investment alternative (QDIA) notices, auto enrollment (retirement plan and now group health plans) notices, safe harbor notices, and other federal health care reform related items. The speakers also reviewed the Form 5500 and EFAST2 (the on-line Form 5500 filing system), required PBGC reporting, and provided a high level overview of available IRS and DOL correction programs. Covered topics included: