Get IRS 5500-EZ 2001

A filer must file the Form 5500-SF electronically (see EFAST2 Filing System) instead of filing a paper Form 5500-EZ if the filer is required to file at least 250 returns of any type with the IRS, including information returns (for example, Forms W-2 and Forms 1099), income tax returns, employment tax returns, and ...

Which employers are required to file a Form 5500 for health and welfare plans? The Form 5500 is an ERISA requirement for all health and welfare plans.

The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000.

When do you file a Form 5500? The Form 5500 form is due by the last day of the seventh month following the last day of the plan year. For example, plans that end on December 31st are required to file the Form 5500 by no later than July 31st of the following year.

Generally, the Form 5500 version a 401(k) plan must file for a year is based on its participant count. ... Solo 401(k) plans with less than $250,000 in plan assets as of the last day of the plan year don't have to file a Form 5500-EZ (or any Form 5500 at all).

Very small employers whose employees are limited to owners or partners and their spouses must file Form 5500-EZ with the IRS for any year in which plan assets exceed $250,000 ($100,000 for years prior to 2007).

The Form 5500 is an annual report, filed with the U.S. Department of Labor (DOL), that contains information about a 401(k) plan's financial conditions, investments, and operations. ... In general, all retirement plans, such as profit-sharing and 401(k) plans, must file a Form 5500 for every year the plan holds assets.

Keogh plans require a good deal of annual paperwork. IRS Form 5500 must be filed each year, and it requires the help of a tax accountant or a financial professional. It is one of the primary reasons that Keoghs can be complicated for the average self-employed individual.

The employer maintaining the plan or the plan administrator of a Pension or Welfare benefit plan covered by ERISA must generally file the Form 5500 to report information concerning the qualification of the plan, its financial condition, investments and the operations of the plan.

Many people, including plan sponsor/employers, aren't aware that pension retirement plan information on the Form 5500 is public information and can be downloaded. ... The Form 5500 was developed for employee benefit plans to satisfy annual reporting requirements under Title I and Title IV of ERISA and the IRS.

Contributions are generally tax deductible up to a certain percentage of annual income, with applicable absolute limits in U.S. dollar terms, which the Internal Revenue Service (IRS) can change from year to year.

Contributions to Keoghs are made pretax, which reduces the taxable income of the contributor. Self-employed individuals generally can deduct the entire yearly Keogh contribution amount, including contributions made on behalf of employees.

Defined Benefit Keogh Contributions to each type of plan are made on a pre-tax basis, so they're taken out of your taxable salary. You'll pay taxes each pay period on less and have the option of taking an upfront deduction on your annual income tax return instead.

Defined-contribution. These plans have two variations: profit-sharing and money-purchase. The profit-sharing version of the Keogh is most like the SEP; there's a ceiling on contributions - 25% of compensation, up to a maximum contribution of $49,000 in 2010 - and below that limit you can put in whatever you can spare.

The difference between Keogh (H.R. 10) and traditional deductible IRA plans. Both types of plans allow a deduction for the amount contributed to the plan. Any income earned by the plan is not taxed. However, full taxation (i.e., both contributions and accumulated income) occurs when distributions take place.