Our compliance experts developed Simple 5500 to deliver a solution needed by employers and advisors: 5500 prep that is quick, affordable, and effective. With decades of experience working with ERISA plans & the Department of Labor (DOL), our team understands the employer’s compliance needs, how to address those needs, and how to avoid unnecessary risk.
NOTE: Employer plan sponsors are required to file an annual Form 5500 with the DOL if any of the organization’s health and welfare plans had 100 or more employee participants enrolled on the first day of an ERISA plan year. When a Form 5500 is required, the filing is due within 7 months of the last day of the plan year. Employers have the option to file Form 5500s individually – one form per benefit – or as a single, consolidated 5500 including all ERISA benefits if the employer has an ERISA Wrap SPD in place.
Simple 5500 is quick, affordable, and effective.
Streamlined
Simple 5500 is designed to be streamlined, significantly reducing the time required from employers and their advisors.
Data collection is quick and the review/submission process is simple.
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Low Flat Fee
A fee of $350* applies if the organization files a single, consolidated Form 5500 or up to four (4) individual forms. This fee covers full filing services, including assistance with electronic submission, DOL confirmation, and a Summary Annual Report for participants.
Future Support
Once you partner with Simple 5500, your filing is on our master calendar going forward. We will contact you to initiate the process in year 2 and beyond. Our goal is to offload this responsibility from your organization and support you indefinitely.
*A higher fee ($700) will apply only to non-standard projects that include 5+ individual filings for a particular year, advising and work with the DOL’s Delinquent Filer Voluntary Compliance Program, or other complexities.
After you complete the data collection form, you will receive a confirmation email message and request for any additional data along with next steps. The broker or employer may upload or email applicable insurance schedule(s) from the carrier(s) at your convenience to simple5500@jcogdill.com