{"id":6688,"date":"2023-03-27T15:50:55","date_gmt":"2023-03-27T19:50:55","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=6688"},"modified":"2023-03-27T15:50:55","modified_gmt":"2023-03-27T19:50:55","slug":"2023-form-5500-changes-announced","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=6688","title":{"rendered":"2023 Form 5500 changes announced"},"content":{"rendered":"<p>The 2023 Form 5500, which will be filed beginning in mid-2024, includes the following changes:<\/p>\n<ul>\n<li>A consolidated Form 5500 reporting option for certain groups of defined contribution retirement plans, improved reporting by pooled employer plans and other multiple-employer plans;<\/li>\n<li>A change in the participant-counting methodology for determining eligibility for simplified reporting alternatives available to small plans, which are generally plans with fewer than 100 participants, which means only counting participants with account balances;<\/li>\n<li>A breakout of reporting on administrative expenses paid by the plan on the plan\u2019s financial statements;<\/li>\n<li>Changes in financial and funding reporting by PBGC-covered defined benefit plans;<\/li>\n<li>Added Internal Revenue Code compliance questions to improve tax oversight and compliance with tax-qualified retirement plans;<\/li>\n<li>Technical and conforming changes as part of the annual rollover of forms and instructions;<\/li>\n<li>Technical adjustments that address certain provisions in SECURE 2.0 Act of 2022 regarding 403(b) multiple employer plans, including:\n<ul>\n<li>pooled employer plans;<\/li>\n<li>minimum required distributions;<\/li>\n<li>and audit requirements for plans in defined contribution group reporting arrangements.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>The 2023 Form 5500, which will be filed beginning in mid-2024, includes the following changes: A consolidated Form 5500 reporting option for certain groups of defined contribution retirement plans, improved reporting by pooled employer plans and other multiple-employer plans; A &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=6688\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6688"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6688"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6688\/revisions"}],"predecessor-version":[{"id":6689,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6688\/revisions\/6689"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}