DOL Releases Form 5500 Revisions for Multiple-Employer Plans

The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued a notice with final forms revisions for Form 5500, Annual Return/Report of Employee Benefit Plan, and Form 5500-SF, Annual Return/Report of Small Employee Benefit Plan, relating to annual reporting changes for multiple-employer plans (MEPs) and pooled employer plans (PEPs). It specifically revises the Form 5500 and Form 5500-SF instructions for the 2021 reporting year for multiple-employer plans. It is effective for plan years beginning on or after January 1, 2021.

These final revisions are a follow-up to the proposed revisions released on September 15, 2021. Additional changes from the proposed revisions will be addressed in separate notices issued by EBSA at a later undetermined date.

This notice is scheduled to be published in the Federal Register on December 29, 2021. It will be reviewed, and additional details provided as warranted.