Penalty For Late Filing Form 5500 - In addition to the irs penalty, the dol can impose a civil penalty on a plan sponsor of up to $1,100 per day for failing to file form 5500 promptly. Other group health plan penalties. But the penalties don't stop there. Form 5500 annual return/report of employee benefit plan | instructions | increased penalties for failure to file retirement plan returns; Web for information purposes only, not to be used for filing. Summary of benefits and coverage (sbc). The maximum penalty for failing to file form 5500 (which must be filed annually for most erisa plans) increases from $2,259 to $2,400 per day that the filing is late. The maximum penalty for failing to provide the sbc increases from $1,190 to $1,264 per failure.
The maximum penalty for failing to file form 5500 (which must be filed annually for most erisa plans) increases from $2,259 to $2,400 per day that the filing is late. But the penalties don't stop there. Form 5500 annual return/report of employee benefit plan | instructions | increased penalties for failure to file retirement plan returns; The maximum penalty for failing to provide the sbc increases from $1,190 to $1,264 per failure. Web for information purposes only, not to be used for filing. Summary of benefits and coverage (sbc). In addition to the irs penalty, the dol can impose a civil penalty on a plan sponsor of up to $1,100 per day for failing to file form 5500 promptly. Other group health plan penalties.