Our professionals have decades of experience preparing Forms 5500, Annual Return/Report of Employee Benefit Plan (Form 5500). These reports are the most important informational returns filed on behalf of employee benefits plans, because the content can easily subject the employee benefit arrangement to costly regulatory examination and have evidentiary value in participant disputes. Trest works directly with the service providers to the plan to obtain the information necessary to prepare the Form 5500 and all of the applicable schedules. We also conduct brief interviews with internal employee benefits professionals to discuss the approach to reporting and to confirm the accuracy of information to be included in the Form 5500 filing. Our professionals assist the appropriate personnel and providers in the completion of detailed worksheets that we prepare in order to elicit the required information.
The decision to report certain transactions and other information on Form 5500 may require that a legal conclusion be reached. Trest’s experienced employee benefits lawyers will make the required legal judgments, with the client’s informed consent and agree upon an approach to reporting. We also assist employers with delinquent filings through the amnesty program, and perform the legal work necessary to permit consolidated filings. Our professionals amend filings and address issues raised by regulatory authorities in connection with the submissions. The flat fee for Form 5500 preparation includes as much follow-up as required until the DOL and IRS accept the filing as validly filed.