The Department of Labor\u2019s Employee Benefits Security Administration (EBSA) released their final revisions to the Form 5500 and the Form 5500-SF Short Form Annual Return\/Report of Small Employee Benefit Plan for the 2021 plan year and includes changes that apply to pooled employer plans (PEPs).<\/p>\n
The instructions to the 2021 Form 5500 for Part I, Line A (the multiple-employer plan checkbox) are being amended to note that:<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0 a PEP operated by a pooled plan provider (PPP) that meets the definition under ERISA Section 3(43) is a multiple employer plan (MEP); and<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0 like other ERISA-covered pension MEPs, a single Form 5500 Annual Return\/Report is required to be filed for a PEP.<\/p>\n
The 2021 instructions to the Form 5500 and Form 5500-SF for the MEP check box are amended to require MEPs to include a new data element on the currently required 2021 non-standard attachment, specifically the \u201cAggregate Account Balances Attributable to Participating Employer.\u201d<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" The Department of Labor\u2019s Employee Benefits Security Administration (EBSA) released their final revisions to the Form 5500 and the Form 5500-SF Short Form Annual Return\/Report of Small Employee Benefit Plan for the 2021 plan year and includes changes that apply … Continue reading