With the ever increasing ERISA health and welfare benefit plan reporting requirements from the DOL, the preparation and filing of Form 5500 has become more complex and time consuming leading to unnecessary financial exposure for noncompliance.
Form 5500's are required to be filed for ERISA Welfare Benefit plans that have at least 100 participants (excluding exempt plans, such as for governmental or church-affiliated employers). The IRS and the Department of Labor (DOL) may both impose costly penalties for failure to file. Employers who have never filed, or are currently delinquent, may take advantage of the Delinquent Filers Voluntary Compliance Program (DFVCP), drastically reducing fees and bringing plans into compliance.
The experts at Adara, LLC will accurately and timely prepare your Form 5500(s) and eliminate the hassle and worry of complex compliance issues.