Form 5500 Annual Report (Welfare Plans)
ERISA § 104; 29 CFR § 2520.104a-5
Annual report filed with the DOL for welfare benefit plans. Plan sponsors should ensure Schedule A from the carrier (typically obtained by the broker) is provided to whoever assembles the 5500. If you're not sure who handles this, check with your broker.
Current Fee / Rate Information
No filing fee. Plans with 100+ participants generally must include an audit by an independent qualified public accountant (IQPA). Small plans (under 100 participants) are typically exempt from audit and may qualify for simplified reporting.
Last reviewed: April 2026
Non-Compliance Penalties
DOL: Up to $250/day, max $150,000 per filing. IRS: $250/day, max $150,000. Voluntary correction via DFVCP (DOL) may reduce penalties. Extensions available via Form 5558 (2.5 additional months).
Official Source
https://www.dol.gov/agencies/ebsa/employers-and-advisers/plan-administration-and-compliance/reporting-and-filing/form-5500Track this and 71 other federal requirements. Personalized to your plan.