Form 5500 Filing Simplification Act

This bill changes the deadline for employee benefit plan administrators to file their annual Form 5500 report. Instead of 210 days after the plan year ends, the report would be due 15 days after the end of the 9th calendar month after the year closes, with later deadlines allowed for plans affected by disasters. It applies the same new deadline to the annual report filed with the Pension Benefit Guaranty Corporation, which is now due within 6 months. It also requires the Treasury, the Labor Department, and the Pension Benefit Guaranty Corporation to allow these reports to be signed electronically. The changes apply to plan years ending on or after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Jim Banks Republican sponsor
• 1 cosponsors