IRS Provides Summary of Form 5500 Changes

The Form 5500 filing deadline is July 31 for calendar year-end retirement plans.

The Internal Revenue Service (IRS) has issued a reminder that the deadline for calendar year-end retirement plans is looming, and has posted on its website a summary of changes to this year’s form.

In December, an advance information copy of the 2014 Form 5500 annual return/report and related instructions gave a heads up about the changes. One welcome change is the elimination of an attachment traditionally required for all plans.  

The following forms and schedules have changes from the previous year: Form 5500, Form 5500-SF, and schedules H, SB and MB for Form 5500. Details of the changes are on the IRS website.