Applies to Non-Title I Retirement Plans (“One-Participant Plans” and Certain Foreign Plans)

The IRS recently announced (Revenue Procedure 2015-32) a permanent penalty relief program for late filers of the Form 5500-EZ. For a discounted fee, plan sponsors can catch up on any past Form 5500-EZ filings that they may have missed. The fee for each late submission is $500, with a maximum of $1,500 per plan.

This program replaces the penalty-free pilot relief program that successfully ran from June 2, 2014- June 2, 2015, and it will operate in a very similar fashion.

If you need assistance with your Form 5500 series returns, please contact us by submitting the form below.

Robbie Petrillo is the marketing coordinator at Pinnacle Plan Design.