Form 5500 Schedule SB Single-Employer Defined Benefit Plan Actuarial Information - Sample

What Is Form 5500 Schedule SB?

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 SB?
A: The Form 5500 Schedule SB is a document used to report actuarial information for single-employer defined benefit plans.

Q: What is a single-employer defined benefit plan?
A: A single-employer defined benefit plan is a type of retirement plan where an employer promises to pay a specific benefit to employees upon retirement based on a formula.

Q: What type of actuarial information is reported in the Form 5500 Schedule SB?
A: The Form 5500 Schedule SB reports information such as the plan's funding status, contributions made by the employer, and the actuarial present value of vested benefits.

Q: Why is actuarial information important for defined benefit plans?
A: Actuarial information is important for defined benefit plans as it helps determine the funding status of the plan and ensures that there are enough assets to meet future benefit payments.

Q: Who is required to file the Form 5500 Schedule SB?
A: Employers that maintain single-employer defined benefit plans are generally required to file the Form 5500 Schedule SB.

Q: Is the Form 5500 Schedule SB filed with the IRS or the Department of Labor?
A: The Form 5500 Schedule SB is filed with the Department of Labor, specifically with the Employee Benefits Security Administration (EBSA).