2015 Form 5500 – IRS Recommends Not Answering Proposed Questions

Late last year, the U.S. Department of Labor released the 2015 Form 5500. See our earlier blog here. This new form included proposed compliance questions that were not approved by the Office of Management and Budget when the 2015 Form 5500 was published on December 7, 2015.  At the time, the IRS had stated that these proposed questions would be optional on the 2015 filing. However, the IRS has now decided that plan sponsors should NOT complete these questions for the 2015 plan year. These questions include:

• Form 5500
  Preparer Information (page 1 bottom)
• Schedule H
  Lines 4o-p, 6a-d
• Schedule I
  Lines 4o-p, 6a-d
• Schedule R
  New Part VII (Lines 20a-c, 21a-b, 22a-d, and 23)
• Form 5500-SF
  Preparer Information (page 1 bottom), Lines 10j, 14a-d, and New Part IX
  (Lines 15a-c, 16a-b, 17a-d, 18, 19, and 20)

Additional Resources

• Employee Benefits Security Administration – Provides Form 5500 Filing Information
• Form 5500 Instructions