“I am fairly new to the employee benefits field, but was shocked to find that our employer, a private university, delays its 403(b) retirement plan Form 5500 filing until the last possible moment (October 15, since our calendar year is a plan year).
“We are starting preparations for our retirement plan’s Form 5500 annual return filing; however, the individual who signs our returns as employer and plan administrator retired, and the new person taking over the position inquired as to exactly who should be signing as the employer and plan administrator. Do the Experts have any guidance on the subject?”
An IRS announcement will surely be welcome news to some plan sponsors, who have increasingly cited the issue of missing participants and beneficiaries as a top concern to the smooth functioning of their benefit programs.
“I heard that there was an additional month added to the extended deadline for Form 5500 filings, so that calendar year returns are now due November 15th instead of October 15th for calendar year plans that request an extension. Is this true?”