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 April 13, 2022 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 Schedule I?
A: Form 5500 Schedule I is a part of the annual report filed by certain employee benefit plans to provide information about their financial condition.

Q: What type of plans are required to file Form 5500 Schedule I?
A: Small employee benefit plans, such as pension plans and welfare plans, are required to file Form 5500 Schedule I.

Q: What information does Form 5500 Schedule I require?
A: Form 5500 Schedule I requires information about the assets and liabilities of the plan, as well as the income and expenses for the plan year.

Q: Who is responsible for filing Form 5500 Schedule I?
A: The plan administrator or trustee is responsible for filing Form 5500 Schedule I.

Q: Are there any filing deadlines for Form 5500 Schedule I?
A: Yes, Form 5500 Schedule I must generally be filed by the last day of the seventh month following the end of the plan year.

Q: Is there a penalty for failing to file Form 5500 Schedule I?
A: Yes, there is a penalty for failing to file Form 5500 Schedule I or filing it late. The penalty amount can vary depending on the size of the plan and the length of the delay.