Form 5500 Schedule G Financial Transaction Schedules - Sample

What Is Form 5500 Schedule G?

This is a legal form that was released by the U.S. Department of Labor - Employee Benefits Security Administration and used country-wide. The document is a supplement to Form 5500, Annual Return/Report of Employee Benefit Plan - Sample. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Form 5500 Schedule G?
A: Form 5500 Schedule G is a financial transaction schedule that must be filed as part of the annual Form 5500 series.

Q: Who needs to file Form 5500 Schedule G?
A: Employers who sponsor certain employee benefit plans, such as pension plans and welfare plans, need to file Form 5500 Schedule G.

Q: What information does Form 5500 Schedule G require?
A: Form 5500 Schedule G requires information about the financial transactions of the employee benefit plan, including purchases, sales, and exchanges of assets.

Q: Do I need to include supporting documentation with Form 5500 Schedule G?
A: Yes, you generally need to include supporting documentation with Form 5500 Schedule G to verify the accuracy of the financial transactions reported.

Q: When is the deadline to file Form 5500 Schedule G?
A: The deadline to file Form 5500 Schedule G is generally the same as the deadline to file the annual Form 5500 series, which is the last day of the seventh month after the plan year ends.

Q: What happens if I fail to file Form 5500 Schedule G?
A: Failure to file Form 5500 Schedule G may result in penalties and fines imposed by the U.S. Department of Labor.

Q: Can I amend Form 5500 Schedule G?
A: Yes, you can amend Form 5500 Schedule G if you discover any errors or omissions in your original filing.

Q: Is there a fee to file Form 5500 Schedule G?
A: No, there is no fee to file Form 5500 Schedule G.