Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Compliance August 24, 2010
SPARK Issues Draft Best Practices for 403(b)s Filing Form 5500
The SPARK Institute has released for public comment draft Best Practices for ERISA-covered 403(b) plans that must file a full Form 5500.
Reported by Rebecca Moore
The “Best Practices for Multiple Vendor 403(b) Plans Form 5500 Data Aggregation – Version: F5500-2.0” are designed to assist plans that use multiple vendors and must gather and aggregate data from their vendors in order to complete the Form. These Best Practices replace “guidelines” for completion of 5500 Forms for the 2009 plan year that were issued by The SPARK Institute in January.
The Best Practices document is available at http://www.sparkinstitute.org/comments-and-materials.php.
Comments are due by September 7th and should be sent to 403b5500@sparkinsititute.org.
You Might Also Like:
Department of Labor Schedules ERISA Advisory Council Meeting
The October 22 online session will focus on lifetime income and the access to claims procedures.
New PEP for Head Start Programs Launches With Oregon-Based Plan Sponsor
The pooled employer plan focused on 403(b) nonprofit educational programs is sponsored by GPS, with investment fiduciary services from the...
Treasury, IRS Issue Part-Time Eligibility Guidelines for ERISA 403(b) Plans
The guidance clarifies exclusions that prevent certain part-time employees from contributing to a plan.