Under the Department of Labor’s (DOL) electronic filing regulations, plan administrators are required to keep a paper copy of the filed Form 5500 report, including schedules and attachments, in the plan’s records. The DOL stated a paper copy of the electronic filing receipt is not adequate in satisfying this requirement. The paper copy in the records must be a complete copy that is manually signed and dated.
Recent Posts
- Is It Time to Leave Your PEO? When Growing SMBs Should Switch to an HCM/ASO Model
- Why Payroll Tax Reconciliation Should Be a Year-Round Effort
- The Aftermath of HR Misconduct—And Why an Outside Expert Can Help
- Will Tips and Overtime Be Excluded From Paychecks or Claimed on Your Tax Return?
- 3 Real-Life Scenarios Where Earned Wage Access Makes a Big Difference