DoL Releases Advance Copies of Form 5500 Annual Report

July 13, 2006 ( - The US Department of Labor's Employee Benefits Security Administration (EBSA), the Internal Revenue Service and the Pension Benefit Guaranty Corporation released advance copies of the 2006 Form 5500 and instructions on Thursday.

The modifications to the Form 5500 for plan year 2006 are described under “Changes to Note” in the 2006 Instructions, and include:

  • The Schedule P (Annual Return of Fiduciary of Employee Benefit Trust) is no longer required
  • The instructions for the Schedules H and I are updated to refer to EBSA’s revised Voluntary Fiduciary Correction Program and companion exemption;
  • New addresses for submitting late filing penalties under the Form 5500 Delinquent Filer Voluntary Compliance Program are provided; and
  • The instructions for counting welfare participants and beneficiaries have been improved.

Information copies of the forms, schedules and instructions are available on EBSA’s Web site at .