File Form 5500-SF
Form 5500-SF, Short Form Annual Return/Report of Small Employee Benefit Plan, is a simplified annual reporting form for use by certain small pension and welfare benefit plans.
To be eligible to use Form 5500-SF, the plan must:
- Be a small plan (generally have fewer than 100 participants at the beginning of the plan year).
- Meet the conditions for being exempt from the requirement that the plan's books and records be audited by an independent qualified public accountant (QPA).
- Have 100% of its assets invested in certain secure investments with a readily determinable fair value.
- Hold no employer securities.
- Not be a multiemployer plan.
To enter information for Form 5500-SF:
- Go toOrganizer, and then5500 Series.
- Add or edit a plan.
- Next go toBasic Plan Informationand in theReturn Typesection, select5500-SF.
- Select the plan type.
- Select5500-SF,Form 5500-SF, and thenSF Information.
- Enter plan participant information.
- Enter financial information.
- Enter compliance information.
- Enter pension funding compliance information.
- Enter plan termination and asset transfer information, if applicable.
