Form 5500Ez PDF Details

Navigating the complexities of retirement plan management for small business owners and individuals with foreign plans can lead directly to the requirement of filing Form 5500-EZ with the Department of the Treasury's Internal Revenue Service. This document plays a pivotal role for one-participant retirement plans, which typically include plans for owners/partners and their spouses, or for the management of specific foreign retirement arrangements. Mandated under section 6058(a) of the Internal Revenue Code, the form serves as an annual return that gathers critical details about the plan's financial conditions, participant data, and the compliance status with necessary funding requirements. For those seeking guidance, the IRS provides detailed instructions online, aimed at simplifying the process of completing this form. It’s essential for ensuring that the plan adheres to the appropriate regulatory standards and requirements, helping to avoid potential penalties associated with late or incorrect filings. Special conditions covered by the form include considerations for new plans, amendments, and plans affected by significant legislation like the SECURE Act. Accurate completion and timely submission of Form 5500-EZ is a cornerstone of due diligence for eligible retirement plan administrators, offering a snapshot of the plan's health and compliance status to both regulators and the plan sponsor.

QuestionAnswer
Form NameForm 5500Ez
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names5500 ez form, form 5500 ez 2020, irs form 5500 ez, 5500 ez

Form Preview Example

Form 5500-EZ

Department of the Treasury Internal Revenue Service

Annual Return of A One-Participant (Owners/Partners and

Their Spouses) Retirement Plan or A Foreign Plan

This form is required to be filed under section 6058(a) of the Internal Revenue Code.

Certain foreign retirement plans are also required to file this form (see instructions).

▶Complete all entries in accordance with the instructions to the Form 5500-EZ.

▶Go to WWW.IRS.GOV/FORM5500EZ for instructions and the latest information.

OMB No. 1545-1610

2021

This Form is Open

to Public Inspection.

Part I

Annual Return Identification Information

 

 

 

 

For the calendar plan year 2021 or fiscal plan year beginning (MM/DD/YYYY)

and ending

 

 

 

 

 

 

 

A

This return is: (1)

the first return filed for the plan

(3)

the final return filed for the plan

 

 

 

(2)

an amended return

 

(4)

a short plan year return (less than 12 months)

 

B

Check box if filing under

Form 5558

automatic extension

 

 

 

 

 

 

 

special extension (enter description)

 

 

 

C

If this return is for a foreign plan, check this box (see instructions)

. . . . . . . . .

▶

D

If this return is for the IRS Late Filer Penalty Relief Program, check this box (see instructions)

. . . . . . . . .

▶

EIf this is a retroactively adopted plan permitted by SECURE Act section 201, check here . . . . . . . . . . . ▶

Part II Basic Plan Information — enter all requested information.

1a

Name of plan

 

1b

Three-digit

 

 

 

 

 

plan number (PN) ▶

 

 

 

 

1c Date plan first became effective

 

 

 

 

(MM/DD/YYYY)

 

 

 

 

 

2a

Employer’s name

 

2b

Employer Identification Number (EIN)

 

 

 

 

(Do not enter your Social Security Number)

 

 

 

 

 

 

 

Trade name of business (if different from name of employer)

 

 

 

 

 

 

 

2c Employer’s telephone number

 

In care of name

 

 

 

 

 

 

 

2d

Business code (see instructions)

 

 

 

 

 

 

 

Mailing address (room, apt., suite no. and street, or P.O. box)

 

 

 

 

City or town, state or province, country, and ZIP or foreign postal code (if foreign, see instructions)

3a Plan administrator’s name (if same as employer, enter “Same”)

3b Administrator’s EIN

In care of name

3c Administrator’s telephone number

Mailing address (room, apt., suite no. and street, or P.O. box)

City or town, state or province, country, and ZIP or foreign postal code (if foreign, see instructions)

4If the employer’s name, the employer’s EIN, and/or the plan name has changed since the last return filed for this plan, enter the employer’s name and EIN, the plan name, and the plan number for the last return in the appropriate space provided

a

Employer’s name

4b

EIN

 

 

 

 

4c

Plan name

4d

PN

 

 

 

5a(1) Total number of participants at the beginning of the plan year

5a(1)

 

a(2) Total number of active participants at the beginning of the plan year

5a(2)

 

b(1) Total number of participants at the end of the plan year

5b(1)

 

b(2) Total number of active participants at the end of the plan year

5b(2)

 

cNumber of participants who terminated employment during the plan year with accrued

benefits that were less than 100% vested

5c

Part III Financial Information

(1)Beginning of year

(2)End of year

6a Total plan assets . . . . . . . . . . . . . . . . . . .

6a

b Total plan liabilities . . . . . . . . . . . . . . . . . . .

6b

c Net plan assets (subtract line 6b from 6a) . . . . . . . . . . .

6c

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 5500-EZ.

Catalog Number 63263R

Form 5500-EZ (2021)

Form 5500-EZ (2021)

Page 2

 

 

 

Part III

Financial Information (continued)

 

7Contributions received or receivable from:

a

Employers

b

Participants

c

Others (including rollovers)

7a

7b

7c

Amount

Part IV

Plan Characteristics

8Enter the applicable two-character feature codes from the List of Plan Characteristics Codes in the instructions.

Part V

Compliance and Funding Questions

 

 

 

 

 

 

 

 

 

Yes

No

 

Amount

9

During the plan year, did the plan have any participant loans?

 

 

 

 

 

 

If “Yes,” enter amount as of year end

9

 

 

 

 

10

Is this a defined benefit plan that is subject to minimum funding requirements?

 

 

 

 

 

 

If “Yes,” complete Schedule SB (Form 5500) and line 10a below (see instructions)

10

 

 

 

 

a Enter the unpaid minimum required contributions for all years from Schedule SB (Form 5500),

 

 

 

 

line 40

. . .

10a

 

 

11

Is this a defined contribution plan subject to the minimum funding requirements

 

 

 

 

 

 

of section 412 of the Code?

11

 

 

 

 

 

If “Yes,” complete lines 11a or 11b, 11c, 11d, and 11e below, as applicable.

 

 

 

 

 

a If a waiver of the minimum funding standard for a prior year is being amortized in this plan

 

 

 

 

year, enter the month, day, and year (MM/DD/YYYY) of the letter ruling granting the waiver

 

 

 

 

(see instructions)

. . .

11a

 

 

b

Enter the minimum required contribution for this plan year

. . .

11b

 

 

c

Enter the amount contributed by the employer to the plan for this plan year . . . .

. . .

11c

 

 

d Subtract the amount in line 11c from the amount in line 11b. Enter the result (enter a minus sign

 

 

 

 

to the left of a negative amount)

. . .

11d

 

 

 

 

 

 

Yes

No

N/A

 

e

Will the minimum funding amount reported on line 11d be met by the funding

 

 

 

 

 

 

deadline?

11e

 

 

 

 

Caution: A penalty for the late or incomplete filing of this return will be assessed unless reasonable cause is established.

Under penalties of perjury, I declare that I have examined this return including, if applicable, any related Schedule MB (Form 5500) or Schedule SB (Form 5500) signed by an enrolled actuary, and, to the best of my knowledge and belief, it is true, correct, and complete.

Sign Here

▲

Signature of employer or plan administrator

Date

Type or print name of individual signing as employer or

 

 

plan administrator

 

 

Form 5500-EZ (2021)

How to Edit Form 5500Ez Online for Free

Through the online PDF editor by FormsPal, you can fill out or alter 5500 ez here and now. The tool is continually updated by our staff, getting awesome functions and growing to be much more convenient. In case you are looking to begin, here is what it will take:

Step 1: Access the PDF doc in our editor by clicking the "Get Form Button" in the top part of this page.

Step 2: This editor helps you customize almost all PDF files in many different ways. Transform it with customized text, adjust what's already in the document, and place in a signature - all possible within minutes!

It really is straightforward to complete the form using out detailed guide! Here is what you need to do:

1. To start with, once filling in the 5500 ez, start with the page containing following blank fields:

form 5500 writing process explained (step 1)

2. Once your current task is complete, take the next step – fill out all of these fields - Mailing address room apt suite no, City or town state or province, If the employers name the, a Employers name, c Plan name, a Total number of participants at, a Total number of active, benefits that were less than, Part III, Financial Information, b EIN, d PN, a a b b, a Total plan assets, and b Total plan liabilities with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Filling out segment 2 in form 5500

It's easy to make errors when filling in the b Total plan liabilities, thus ensure that you take a second look prior to deciding to finalize the form.

3. In this stage, review Contributions received or, Amount, a Employers, b Participants, c Others including rollovers, Plan Characteristics, Part IV, Enter the applicable twocharacter, Part V, Compliance and Funding Questions, During the plan year did the plan, If Yes enter amount as of year end, Is this a defined benefit plan, Yes No, and Amount. All of these have to be filled out with highest attention to detail.

Stage no. 3 in submitting form 5500

4. It is time to proceed to the next form section! Here you've got all of these b Enter the minimum required, to the left of a negative amount, a b c, e Will the minimum funding amount, deadline, Caution A penalty for the late or, Under penalties of perjury I, Yes No NA, Sign, Here, Signature of employer or plan, Date, Type or print name of individual, and Form EZ blanks to do.

Learn how to fill out form 5500 stage 4

Step 3: After double-checking the fields and details, click "Done" and you are all set! Acquire the 5500 ez the instant you sign up for a free trial. Readily get access to the pdf document in your personal account, along with any modifications and changes being automatically saved! FormsPal is committed to the personal privacy of all our users; we always make sure that all personal data going through our editor stays protected.

Form 5500Ez isn’t the one you’re looking for?

Related Documents