Pay now or pay more later: form 5500

Missing a Form 5500 filing deadline can trigger huge penalties if the DOL discovers failure on audit. Happily, the DOL has an “amnesty program” under which plan sponsors may voluntarily file delinquent Forms 5500 and pay a reduced penalty. More from Lockton here:
DFVCP Filings_2013_v2

DFVCP Filings_2013_v2

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About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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