Products August 24, 2010
SPARK Issues Draft Best Practices for 403(b)s Filing Form 5500
August 24, 2010 (PLANSPONSOR.com) - The SPARK Institute has released for public comment draft Best Practices for ERISA-covered 403(b) plans that must file a full Form 5500.
Reported by PLANSPONSOR staff
The “Best Practices for Multiple Vendor 403(b) Plans Form 5500 Data Aggregation – Version: F5500-2.0” document is designed to assist plans that use multiple vendors and must gather and aggregate data from their vendors to complete the Form. These Best Practices replace “guidelines” for completion of 5500 Forms for the 2009 plan year that were issued by The SPARK Institute in January.
The Best Practices document is available at http://www.sparkinstitute.org/comments-and-materials.php.
Comments are due by September 7th and should be sent to 403b5500@sparkinsititute.org.« Agencies Offer Safe Harbor on External Review Processes under PPACA