Form 5500 Schedule I Financial Information - Small Plan - Sample

What Is Form 5500 Schedule I?

This is a legal form that was released by the U.S. Department of Labor - Employee Benefits Security Administration on December 9, 2020 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 Form 5500?
A: Form 5500 is a form that must be filed annually by employee benefit plans to report information about the plan's financial condition and operations.

Q: What is Schedule I of Form 5500?
A: Schedule I is a section of Form 5500 that provides financial information specific to small employee benefit plans.

Q: What type of plans need to file Form 5500?
A: Employee benefit plans, such as pension plans and health plans, are required to file Form 5500 if they have more than 100 participants at the beginning of the plan year.

Q: What financial information does Schedule I require?
A: Schedule I requires information about the plan's assets, liabilities, income, and expenses.

Q: Can small plans use a simplified version of Form 5500?
A: Yes, small plans with fewer than 100 participants at the beginning of the plan year can use a simplified version of Form 5500 called the Form 5500-SF.