Instruction 5500-EZ (Rev 2023) Instructions for Form 5500-EZ, Annual Return of A One-Participant (Ow-2025

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The document provides detailed instructions for filing Form 5500-EZ, which is required for one-participant retirement plans and foreign plans not subject to ERISA. It outlines the filing process, including compliance questions, electronic and paper submission methods, deadlines, and penalties for late filing. The document also explains who must file, exemptions based on asset thresholds, and includes specific sections on plan characteristics and financial information requirements.

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Click ‘Get Form’ to open the Instruction 5500-EZ in our editor.
Begin by entering the plan year dates in Part I. Use the format MM/DD/YYYY for accuracy.
In Line A(1), check if this is your first return. If you have filed previously, do not check this box.
Complete Part II by providing the formal name of the plan and the assigned three-digit plan number.
For financial information in Part III, accurately report total plan assets and liabilities as required.
Review all entries for completeness and accuracy before saving your work in our platform.
Once completed, download the form to print and sign it before mailing it to the IRS as instructed.

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What is a form 5500 for a 401k?

The Form 5500 Series is part of ERISAs overall reporting and disclosure framework, which is intended to assure that employee benefit plans are operated and managed in accordance with certain prescribed standards and that participants and beneficiaries, as well as regulators, are provided or have access to sufficient

What is the 5500-EZ threshold?

Youre required to file Form 5500-EZ if your Solo 401(k) plan has more than $250,000 in assets at the end of the plan year (typically December 31st). Who must file: Owner-only businesses with a Solo Owner 401(k) Partnerships where only the partners (and spouses) participate. 5500EZ Annual Filing Requirement | Owner-Only 401(k) Plans julie r merrill cpa associates blog 5500ez-filing-requir julie r merrill cpa associates blog 5500ez-filing-requir

What is a 5500-EZ form?

About Form 5500-EZ, Annual Return of A One-Participant (Owners/Partners and Their Spouses) Retirement Plan or A Foreign Plan | Internal Revenue Service. Official websites use .gov. A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS.

Who is required to submit a 5500?

About the Form 5500 Any administrator or sponsor of an employee benefit plan subject to ERISA must file information about each benefit plan every year (pursuant to Code section 6058 and ERISA sections 104 and 4065).

What is the 5500-EZ amount?

Both solo 401k balances have to be aggregated to determine if the total value exceeded the $250,000 threshold. If the combined value exceeded $250,000, then the Form 5500-EZ filing requirement applies.

when is form 5500 due

2023 Form 5500-EZ instructions IRS Form 5500-EZ 2023 pdf Form 5500-EZ 2024 Form 5500-EZ instructions 2024 Form 5500-SF instructions Form 5500 instructions 2024 form 5500-ez due date Form 5500 Search

What is a 5500 for a 401k?

Form 5500 is filed with the DOL and contains information about a 401(k) plans financial condition, plan qualifications, and operation. The form aims to provide the IRS and DOL with information about the plans operation and compliance with government regulations. What Is Form 5500? Everything You Need To Know - Paychex Paychex articles employee-benefits Paychex articles employee-benefits

What is the due date for 5500-EZ?

July 31 Due date: the last day of the seventh month after the plan year ends (July 31 for a calendar year plan). Request copies of filed Forms 5500-EZ using Form 4506 PDF (includes instructions). Form 5500 corner | Internal Revenue Service IRS retirement-plans form-5500-corner IRS retirement-plans form-5500-corner

What is a form 5500-EZ?

Form 5500-EZ is used by one-participant plans and certain foreign plans that are not subject to the requirements of section 104(a) of the Employee Retirement Income Security Act of 1974 (ERISA) to satisfy certain annual reporting and filing obligations imposed by section 6058(a) of the Internal Revenue Code. About Form 5500-EZ, Annual Return of A One-Participant IRS (.gov) forms-pubs about-form-5500-ez IRS (.gov) forms-pubs about-form-5500-ez