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Business and Policy Areas
Business and Policy Areas

New Form 5500 Filing Deadline

September 24, 2010

In late 2007, newly-revised regulations were put into place by the Department of Labor, Internal Revenue Service and the Pension Benefit Guaranty Corporation that made significant changes to the process of completing the Form 5500, the annual information return that is required for most pension plans. The changes made by these regulations went into effect this year, and for those employers required to file a Form 5500 and who maintain a calendar-year plan (the most common among higher education institutions), the filing deadline, including all extensions, of October 15th is rapidly approaching.

Recent news articles have indicated that a relatively small share of all plan providers have filed their Form 5500, so NACUBO is communicating with you to ensure that your institution remains in compliance with these new rules. Penalties for failing to meet the filing deadline can be significant, and completing the new form does require more planning and additional processes. We have assembled links to some resources for your use, listed below, and we encourage you to work with your plan service providers to gather the necessary data to properly complete the new form.

As always, if there is any way for NACUBO to be of assistance to you, please contact a member of our staff.

Resources from the Employee Benefits Security Administration (U.S. Department of Labor):

Reporting and Disclosure Guide for Employee Benefit Plans
Getting Ready for Changes In Filing Your Plan's Annual Return/Report Form 5500
Final Federal Regulations for the New Form 5500

AICPA Resources:

Form 5500 Reporting and Independent Audit Requirements
403(b) Retirement Plan Audits- Frequently Asked Questions (FAQs)

Fidelity Resources:

Form 5500 and Schedule C Regulatory Changes (webcast)

TIAA-CREF Resources:

Plan Sponsor Reporting and Audit Guide
Retirement Plan Audit Support Toolkit

Vanguard Resources:

Resource Page on Form 5500 Changes
Guide to Eligible Indirect Compensation Disclosure


Mary Bachinger
Director, Tax Policy