Professional Documents
Culture Documents
2001
Instructions for Form 5500
Annual Return/Report of Employee Benefit Plan
Code section references are to the Internal Revenue Code unless otherwise noted.
ERISA refers to the Employee Retirement Income Security Act of 1974.
Page 2
For this purpose, a "controlled group" is a controlled group of
corporations under Code section 414(b), a group of trades or
businesses under common control under Code section 414(c),
Section 1: Who Must File or an affiliated service group under Code section 414(m) that
A return/report must be filed every year for every pension benefit includes the business of the owner or partner covered by the
plan, welfare benefit plan, and fringe benefit plan (as specified plan.
below), and for every entity that files as a Direct Filing Entity. When filing Form 5500 for a plan described in Special
(Code sections 6058, 6039D, and ERISA sections 104 and TIP Rules for Certain Plans of Partnerships and Wholly
4065). Owned Trades or Businesses, enter code 3G on Part
II, line 8a.
Pension Benefit Plan
All pension benefit plans covered by ERISA are required to file Do Not File A Form 5500 For A Pension Benefit Plan
a Form 5500 except as provided in this Who Must File section. That Is Any Of The Following:
The return/report is due whether or not the plan is qualified and 1. An unfunded excess benefit plan. See ERISA section
even if benefits no longer accrue, contributions were not made 4(b)(5).
this plan year, or contributions are no longer made. Pension 2. An annuity or custodial account arrangement under Code
benefit plans required to file include both defined benefit plans section 403(b)(1) or (7) not established or maintained by an
and defined contribution plans. employer as described in DOL Regulation 29 CFR 2510.3-2(f).
The following are among the pension benefit plans for which 3. A Savings Incentive Match Plan for Employees of Small
a return/report must be filed: Employers (SIMPLE) that involves SIMPLE IRAs under Code
1. Profit-sharing, stock bonus, money purchase, 401(k) section 408(p).
plans, etc. 4. A simplified employee pension (SEP) or a salary reduction
2. Annuity arrangements under Code section 403(b)(1). SEP described in Code section 408(k) that conforms to the
3. Custodial accounts established under Code section alternative method of compliance in 29 CFR 2520.104-48 or
403(b)(7) for regulated investment company stock. 2520.104-49.
4. Individual retirement accounts (IRAs) established by an 5. A church plan not electing coverage under Code section
employer under Code section 408(c). 410(d).
5. Pension benefit plans maintained outside the United 6. A pension plan that is a qualified foreign plan within the
States primarily for nonresident aliens if the employer who meaning of Code section 404A(e) that does not qualify for the
maintains the plan is: treatment provided in Code section 402(e)(5).
● a domestic employer, or 7. An unfunded pension plan for a select group of
● a foreign employer with income derived from sources within management or highly compensated employees that meets the
the United States (including foreign subsidiaries of domestic requirements of 29 CFR 2520.104-23, including timely filing of
employers) if contributions to the plan are deducted on its U.S. a registration statement with the DOL.
income tax return. For this type of plan, enter 3A on Form 5500, 8. An unfunded dues financed pension benefit plan that
Part II, line 8a. meets the alternative method of compliance provided by 29 CFR
6. Church pension plans electing coverage under Code 2520.104-27.
section 410(d). 9. An individual retirement account or annuity not considered
7. Pension benefit plans that cover residents of Puerto Rico, a pension plan under 29 CFR 2510.3-2(d).
the U.S. Virgin Islands, Guam, Wake Island, or American 10. A governmental plan.
Samoa. This includes a plan that elects to have the provisions
of section 1022(i)(2) of ERISA apply. Welfare Benefit Plan
8. Plans that satisfy the Actual Deferral Percentage All welfare benefit plans covered by ERISA are required to file
requirements of Code section 401(k)(3)(A)(ii) by adopting the a Form 5500 except as provided in this Who Must File section.
"SIMPLE" provisions of section 401(k)(11). Welfare benefit plans provide benefits such as medical, dental,
See What To File on page 7 for more information about what life insurance, apprenticeship and training, scholarship funds,
must be completed for pension plans. severance pay, disability, etc.
See What To File on page 7 for more information.
Special Rules for Certain Plans of Partnerships
and Wholly Owned Trades or Businesses Reminder: The administrator of an employee welfare benefit
plan that provides benefits wholly or partially through a Multiple
A plan that provides deferred compensation solely for (1) an Employer Welfare Arrangement (MEWA) as defined in ERISA
individual or an individual and his or her spouse who wholly own section 3(40) must file a Form 5500, unless otherwise exempt.
a trade or business, whether incorporated or unincorporated; or
(2) partners or the partners and the partners' spouses in a Do Not File A Form 5500 For A Welfare Benefit Plan
partnership may generally file Form 5500-EZ, Annual Return of That is Any Of The Following:
One-Participant (Owners and Their Spouses) Retirement Plan,
rather than a Form 5500, provided that the plan: The exemptions below do not apply to fringe benefit
1. Satisfies the minimum coverage requirements of Code ! plans. A Form 5500 for a fringe benefit plan must be filed
CAUTION under Code section 6039D even if it is associated with a
section 410(b) without being combined with any other plan
welfare benefit plan that is exempt from filing under one of the
maintained by the employer;
categories below.
2. Does not cover a business that is a member of a
"controlled group"; and 1. A welfare benefit plan that covered fewer than 100
participants as of the beginning of the plan year and is unfunded,
3. Does not cover a business for which leased employees
fully insured, or a combination of insured and unfunded.
(as defined in Code section 414(n)(2)) perform services.
a. An unfunded welfare benefit plan has its benefits paid as
A plan that fails to meet any of the above conditions must file
needed directly from the general assets of the employer or
Form 5500 rather than Form 5500-EZ. A plan that meets all of
employee organization that sponsors the plan.
the above conditions is exempt from filing the Form 5500-EZ if
the plan (and any other plans of the employer) had total assets Note. Plans that are NOT unfunded include those plans that
of $100,000 or less at the end of every plan year beginning on received employee (or former employee) contributions during the
or after January 1, 1994. plan year and/or used a trust or separately maintained fund
(including a Code section 501(c)(9) trust) to hold plan assets or
act as a conduit for the transfer of plan assets during the year.
Page 3
However, a welfare plan with employee contributions that is accordance with the Direct Filing Entity (DFE) Filing
associated with a fringe benefit plan under Code section 125 Requirements on page 9. A Form 5500 must be filed for a
may be treated for annual reporting purposes as an unfunded master trust investment account (MTIA). A Form 5500 is not
welfare plan if it meets the requirements of DOL Technical required but may be filed for a common/collective trust (CCT),
Release 92-01, 57 Fed. Reg. 23272 (June 2, 1992) and 58 Fed. pooled separate account (PSA), 103-12 investment entity
Reg. 45359 (August 27, 1993). (103-12 IE), or group insurance arrangement (GIA). However,
b. A fully insured welfare benefit plan has its benefits plans that participate in CCTs, PSAs, 103-12 IEs, or GIAs that
provided exclusively through insurance contracts or policies, the file as DFEs generally are eligible for certain annual reporting
premiums of which must be paid directly to the insurance carrier relief. For reporting purposes, a CCT, PSA, 103-12 IE, or GIA is
by the employer or employee organization from its general not considered a DFE unless a Form 5500 and all required
assets or partly from its general assets and partly from attachments are filed for it in accordance with the Direct Filing
contributions by its employees or members (which the employer Entity (DFE) Filing Requirements.
or employee organization forwards within 3 months of receipt). Note. Special requirements also apply to Schedules D and H
The insurance contracts or policies discussed above must be attached to the Form 5500 filed by plans participating in MTIAs,
issued by an insurance company or similar organization (such CCTs, PSAs, and 103-12 IEs. See the instructions for these
as Blue Cross, Blue Shield or a health maintenance schedules.
organization) that is qualified to do business in any state.
c. A combination unfunded/insured welfare plan has its
benefits provided partially as an unfunded plan and partially as Section 2: When To File
a fully insured plan. An example of such a plan is a welfare Plans and GIAs. File 2001 return/reports for plan and GIA
benefit plan that provides medical benefits as in a above and life years that began in 2001. All required forms, schedules and
insurance benefits as in b above. attachments must be filed by the last day of the 7th calendar
See 29 CFR 2520.104-20. month after the end of the plan or GIA year (not to exceed 12
Note. A "voluntary employees' beneficiary association," as used months in length) that began in 2001. If the plan or GIA year
in Code section 501(c)(9) ("VEBA"), should not be confused with differs from the 2001 calendar year, fill in the fiscal year
the employer or employee organization that sponsors the plan. beginning and ending dates on the line provided at the top of the
See ERISA section 3(4). form.
2. A welfare benefit plan maintained outside the United DFEs other than GIAs. File 2001 return/reports no later than
States primarily for persons substantially all of whom are 91/2 months after the end of the DFE year that ended in 2001. A
nonresident aliens. Form 5500 filed for a DFE must report information for the DFE
3. A governmental plan. year (not to exceed 12 months in length). If the DFE year differs
4. An unfunded or insured welfare plan for a select group of from the 2001 calendar year, fill in the fiscal year beginning and
management or highly compensated employees which meets ending dates on the line provided at the top of the form.
the requirements of 29 CFR 2520.104-24. Short Years. For a plan year of less than 12 months (short plan
5. An employee benefit plan maintained only to comply with year), file the form and applicable schedules by the last day of
workers' compensation, unemployment compensation, or the 7th month after the short plan year ends. Fill in the short plan
disability insurance laws. year beginning and ending dates on the line provided at the top
6. A welfare benefit plan that participates in a group of the form and check box B(4) in Part I. For purposes of this
insurance arrangement that files a Form 5500 on behalf of the return/report, the short plan year ends on the date of the change
welfare benefit plan as specified in 29 CFR 2520.103-2. See 29 in accounting period or upon the complete distribution of assets
CFR 2520.104-43. of the plan. Also see the instructions for Final Return/Report
7. An apprenticeship or training plan meeting all of the on page 6 to determine if box B(3) should be checked.
conditions specified in 29 CFR 2520.104-22. Notes. (1) If the filing due date falls on a Saturday, Sunday, or
8. An unfunded dues financed welfare benefit plan exempted Federal holiday, the return/report may be filed on the next day
by 29 CFR 2520.104-26. that is not a Saturday, Sunday, or Federal holiday. (2) If the 2001
Form 5500 is not available before the plan or DFE filing due
9. A church plan under ERISA section 3(33). date, use the 2000 Form 5500 and enter the 2001 fiscal year
10. A welfare benefit plan solely for (1) an individual or an beginning and ending dates on the line provided at the top of the
individual and his or her spouse, who wholly owns a trade or form.
business, whether incorporated or unincorporated, or
(2) partners or the partners and the partners' spouses in a Extension of Time To File
partnership. See 29 CFR 2510.3-3(b).
Using Form 5558
Fringe Benefit Plan A plan or GIA may obtain a one-time extension of time to file
Cafeteria plans described in Code section 125, educational Form 5500 (up to 21/2 months) by filing Form 5558, Application
assistance programs described in Code section 127, and for Extension of Time To File Certain Employee Plan Returns,
adoption assistance programs described in Code section 137 on or before the normal due date (not including any extensions)
are considered fringe benefit plans and are required to file the of the return/report. You MUST file Form 5558 with the IRS.
annual information specified by Code section 6039D. However, Approved copies of the Form 5558 will not be returned to the
Code section 127 educational assistance programs that provide filer. However, a photocopy of the extension request that was
only job-related training that is deductible as an ordinary and filed must be attached to the Form 5500.
necessary business expense, under Code section 162, do not File Form 5558 with the Internal Revenue Service Center,
need to file Form 5500. Ogden, UT 84201-0027.
Note. Fringe benefit plans are often associated with one or more
welfare plans. A single Form 5500 may be filed for the fringe Using Extension of Time To File Federal Income Tax Return
benefit plan and an associated welfare plan if all the required An automatic extension of time to file Form 5500 until the due
information is completed for both plans. date of the Federal income tax return of the employer will be
See What To File on page 7 for more information about what granted if all of the following conditions are met: (1) the plan year
must be completed for fringe benefit plans. and the employer's tax year are the same; (2) the employer has
been granted an extension of time to file its Federal income tax
Direct Filing Entity (DFE) return to a date later than the normal due date for filing the Form
Some plans participate in certain trusts, accounts, and other 5500 (except IRS Form 8736, Application for Automatic
investment arrangements that file the Form 5500 as a DFE in Extension of Time To File U.S. Return for a Partnership, REMIC,
interests in common/collective trusts maintained by a bank, trust a DFE Form 5500 has been filed for the CCT or PSA. See the
company or similar institution, or the assets have a current value instructions for these schedules.
that is readily determinable on an established market, those
assets may be treated as a single MTIA. 103-12 Investment Entity (103-12 IE)
The Form 5500 submitted for the MTIA must comply with the DOL Regulation 2520.103-12 provides an alternative method of
Form 5500 instructions for a Large Pension Plan, unless reporting for plans that invest in an entity (other than a MTIA,
otherwise specified in the forms and instructions. The MTIA CCT, or PSA), whose underlying assets include "plan assets"
must file: within the meaning of 29 CFR 2510.3-101 of two or more plans
1. Form 5500, except lines C, D, 1c, 2d, and 6 through 9. that are not members of a "related group" of employee benefit
Be certain to enter "M" on line A(4). plans. Such an entity for which a Form 5500 is filed constitutes
2. Schedule A, (as many as needed) to report insurance, a "103-12 IE." A Form 5500 is not required to be filed for such
annuity and investment contracts held by the MTIA. entities; however, filing a Form 5500 as a 103-12 IE provides
3. Schedule C, to report service provider information. Part certain reporting relief, including the limitation of the examination
II is not required for a MTIA. and report of the independent qualified public accountant
provided by 29 CFR 2520.103-12(d), to participating plans and
DFEs. For this reporting purpose, a "related group" of employee
benefit plans consists of each group of two or more employee
Page 10 General Instructions to Form 5500
benefit plans (1) each of which receives 10% or more of its H, line 3d, and the schedule(s) of assets held for investment.
aggregate contributions from the same employer or from a All attachments must be properly labeled.
member of the same controlled group of corporations (as
determined under Code section 1563(a), without regard to Code Group Insurance Arrangement (GIA)
section 1563(a)(4) thereof); or (2) each of which is either Each welfare benefit plan that is part of a group insurance
maintained by, or maintained pursuant to a collective-bargaining arrangement is exempted from the requirement to file a Form
agreement negotiated by, the same employee organization or 5500 if a consolidated Form 5500 report for all the plans in the
affiliated employee organizations. For purposes of this arrangement was filed in accordance with 29 CFR 2520.104-43.
paragraph, an "affiliate" of an employee organization means any For reporting purposes, a "group insurance arrangement"
person controlling, controlled by, or under common control with provides benefits to the employees of two or more unaffiliated
such organization. See 29 CFR 2520.103-12. employers (not in connection with a multiemployer plan or a
The Form 5500 submitted for a 103-12 IE must comply with collectively-bargained multiple-employer plan), fully insures one
the Form 5500 instructions for a Large Pension Plan, unless or more welfare plans of each participating employer, uses a
otherwise specified in the forms and instructions. The 103-12 trust or other entity as the holder of the insurance contracts, and
IE must file: uses a trust as the conduit for payment of premiums to the
1. Form 5500, except lines C, D, 1c, 2d, and, 6 through 9. insurance company. The GIA must file:
Enter "E" on line A(4). 1. Form 5500, except lines C and 2d. Enter "G" on line A(4).
2. Schedule A, (as many as needed), to report insurance, 2. Schedule A, (as many as needed), to report insurance,
annuity and investment contracts held by the 103-12 IE. annuity and investment contracts held by the GIA.
3. Schedule C, to report service provider information and any 3. Schedule C, to report service provider information and any
terminated accountants. terminated accountants.
4. Schedule D, to list all CCTs, PSAs, and 103-12 IEs in 4. Schedule D, to list all CCTs, PSAs, and 103-12 IEs in
which the 103-12 IE invested at any time during the 103-12 IE's which the GIA invested at any time during the GIA year, and to
year, and to list all plans that participated in the 103-12 IE during list all plans that participated in the GIA during its year.
its year. 5. Schedule G, to report loans or fixed income obligations in
5. Schedule G, to report loans or fixed income obligations in default or determined to be uncollectible as of the end of the GIA
default or determined to be uncollectible as of the end of the year, leases in default or classified as uncollectible, and
103-12 IE year, leases in default or classified as uncollectible, nonexempt transactions.
and nonexempt transactions. 6. Schedule H, to report financial information.
6. Schedule H, to report financial information. 7. Additional information required by the instructions to the
7. Additional information required by the instructions to the above schedules, including, for example, the report of the
above schedules, including, for example, the report of the independent qualified public accountant identified on Schedule
independent qualified public accountant identified on Schedule H, line 3d, the schedules of assets held for investment and the
schedule of reportable transactions. All attachments must be
properly labeled.
Must complete
Must complete Must complete Must complete Must complete
Schedule A if MTIA, 103-12
if plan has if plan has if plan has if plan has
(Insurance IE or GIA has Not required.
insurance insurance insurance insurance
Information) insurance
contracts. contracts. contracts. contracts.
contracts.
MTIAs, GIAs
and 103-12 IEs
Must complete Must complete
must complete
if service if service
Part I if service
Schedule C provider was provider was
provider paid
(Service paid $5,000 or paid $5,000 or
Not required. Not required. $5,000 or more. Not required.
Provider more and/or an more and/or an
GIAs and
Information) accountant or accountant or
103-12 IEs must
actuary was actuary was
complete Part II
terminated. terminated.
if accountant
was terminated.
Schedule E
Must complete Must complete
(ESOP Annual Not required. Not required. Not required. Not required.
if ESOP. if ESOP.
Information)
Schedule F
(Fringe Benefit
Plan Annual Not required. Not required. Not required. Not required. Not required. Must complete.
Information
Return)
MTIAs, GIAs
Schedule G Must complete Must complete and 103-12 IEs
(Financial if Schedule H, if Schedule H, must complete
Not required. Not required. Not required.
Transaction line 4b, 4c, or line 4b, 4c, or if Schedule H,
Schedules) 4d is “Yes.”3 4d is “Yes.”3, 4 line 4b, 4c, or
4d is “Yes.”3
Schedule I
(Financial
Not required. Must complete. Not required. Must complete.4 Not required. Not required.
Information—
Small Plan)
Schedule R
(Retirement
Must complete.5 Must complete.
5
Not required. Not required. Not required. Not required.
Plan
Information)
Schedule SSA
(Annual Must complete Must complete
Registration if plan had if plan had
Statement separated separated
Identifying participants with participants with Not required. Not required. Not required. Not required.
Separated deferred vested deferred vested
Participants benefits to benefits to
With Deferred report. report.
Vested Benefits)
1
This chart provides only general guidance. Not all rules and requirements are reflected. Refer to specific Form 5500 instructions for complete
information on filing requirements (e.g., Who Must File on page 3 and What To File on page 7). For example, a pension plan is exempt from
filing any schedules if the plan uses a code section 403(b)(1) annuity, 403(b)(7) custodial account, or 408 individual retirement accounts or
annuities as the sole funding vehicle for providing benefits. See Limited Pension Plan Reporting on page 9.
2
Certain money purchase defined contribution plans are required to complete Schedule B, lines 3, 9, and 10 in accordance with the
instructions for Schedule R, line 5.
3
Schedules of assets and reportable (5%) transactions also must be filed with the Form 5500 if Schedule H, lines 4i or 4j are “Yes,” but use of
printed form not required.
4
Unfunded, fully insured and combination unfunded/insured welfare plans covering fewer than 100 participants at the beginning of the plan
year that meet the requirements of 29 CFR 2520.104-20 are exempt from filing an annual report. (See Who Must File on page 3.) Such a plan
with 100 or more participants must file an annual report, but is exempt under 29 CFR 2520.104-44 from the accountant’s report requirement
and completing Schedule H, but MUST complete Schedule G, Part III, to report any nonexempt transactions. See What To File on page 7.
5
A pension plan is exempt from filing Schedule R if each of the following four conditions is met:
● The plan is not a defined benefit plan or otherwise subject to the minimum funding standards of Code section 412 or ERISA section 302.
● No in-kind distributions reportable on line 1 of Schedule R were distributed during the plan year.
● No benefits were distributed during the plan year which are reportable on Form 1099-R using an EIN other than that of the plan sponsor or
plan administrator.
● In the case of a plan that is not a profit-sharing, ESOP or stock bonus plan, no plan benefits were distributed during the plan year in the
form of a single sum distribution.
1. A Form 5500 filed for a qualified defined benefit pension plan covered by the PBGC which provides a benefit of 2% of
average annual compensation per year of service with an offset arrangement should check box 8a and enter the codes “1A”,
“1D” and “1G” in the boxes under box 8a as illustrated below:
a X Pension benefits (check this box if the plan provides pension benefits and enter the applicable pension feature codes from the List of
Plan Characteristics Codes (printed in the instructions) below).
1 A 1 D 1 G
2. A Form 5500 filed for a welfare plan providing health insurance, life insurance, dental insurance, and eye examinations should
check box 8b and enter the codes “4A”, “4B”, “4D” and “4E” in the boxes under box 8b as illustrated below:
b X Welfare benefits (check this box if the plan provides welfare benefits and enter the applicable welfare feature codes from the List of Plan
Characteristics Codes (printed in the instructions) below).
4 A 4 B 4 D 4 E
3. A Form 5500 filed for a prototype profit-sharing plan with Code section 401(k) features, providing participant direction with
voluntary employee contributions and regular employer matching contributions which is intended to meet ERISA section 404(c),
and which provides ancillary life insurance, should check boxes 8a and 8b and enter the codes “2E”, “2F”, “2H”, “2J”, “2K”,
“3E” and “4B” in the boxes under 8a and 8b as illustrated below:
a X Pension benefits (check this box if the plan provides pension benefits and enter the applicable pension feature codes from the List of
Plan Characteristics Codes (printed in the instructions) below).
2 E 2 F 2 H 2 J 2 K 3 E
b X Welfare benefits (check this box if the plan provides welfare benefits and enter the applicable welfare feature codes from the List of Plan
Characteristics Codes (printed in the instructions) below).
4 B
Exception. If the insurance company maintains records on the contracts or policies (or classes thereof) placed or retained. The
basis of a plan year rather than a policy or contract year, the amount (or pro rata share of the total) of such commissions or
information entered on Schedule A (Form 5500) may pertain to fees attributable to the contract or policy placed with or retained
the plan year instead of the policy or contract year. by the plan must be reported in element (b) or (c), as
appropriate.
4. The resulting accumulated funding deficiency, if any, maintaining the plan, the development of the minimum
which is to be reported on line 9p. contribution requirement and label the attachment, “Schedule
Label the worksheet, “Schedule B, line 8b – Reorganization B, line 9a through 9q – Development of Minimum
Status Worksheet.” Contribution Requirement for Each Individual Employer”
Line 8c. All multiemployer plans check “No”. Plans other than (taking into account the applicable normal cost, amortization
multiemployer plans check “Yes” only if the plan is covered by charges and credits, and all other applicable charges or credits
Title IV of ERISA. to the funding standard account that would apply if the employer
If line 8c is “Yes” attach a schedule of the active plan were maintaining a separate plan). Compute the entries on
participant data used in the valuation for this plan year. Use the Schedule B, except for the entries on lines 9a, 9h, 9o, and 9p,
same size paper as the Schedule B and the format shown on the as the sum of the appropriate individual amounts computed for
next page and label the schedule “Schedule B, Line 8c – each employer. Compute the entry on line 9a as the sum of the
Schedule of Active Participant Data.” prior year's funding deficiency, if any, for each individual
Expand this schedule by adding columns after the “5 to 9” employer and the entry on line 9p as the sum of the separately
column and before the “40 & up” column for active participants computed funding deficiency, if any, for the current year for each
with total years of credited service in the following ranges: 10 to employer. Credit balance amounts on lines 9h and line 9o are
14; 15 to 19; 20 to 24; 25 to 29; 30 to 34; and 35 to 39. For each separately computed in the same manner. (Note that it is
column, enter the number of active participants with the specified possible for the Schedule B to show both a funding deficiency
number of years of credited service divided according to age and a credit balance for section 413(c) plans. This could not
group. For participants with partial years of credited service, appear for other plans.)
round the total number of years of credited service to the next Lines 9c and 9j. Amortization Charges and Credits. If there
lower whole number. are any amortization charges or credits, attach a maintenance
Plans reporting 1,000 or more active participants on line 2b(3) schedule of funding standard account bases, and label the
must also provide average compensation data. For each schedule, “Schedule B, line 9c and 9j - Schedule of Funding
grouping, enter the average compensation of the active Standard Account Bases.” The attachment should clearly
participants in that group. For this purpose, compensation is the indicate the type of base (i.e., original unfunded liability,
compensation taken into account for each participant under the amendments, actuarial losses, etc.), the outstanding balance of
plan's benefit formula, limited to the amount defined under each base, the number of years remaining in the amortization
section 401(a)(17) of the Code. Years of credited service are the period, and the amortization amount. If bases were combined in
years credited under the plan's benefit formula. Do not enter the the current year, the attachment should show information on
average compensation in any grouping that contains fewer than bases both prior to and after the combining of bases.
20 participants. The outstanding balance and amortization charges and credits
If the plan is a multiple-employer plan, complete one or more must be calculated as of the valuation date for the plan year.
schedules of active-participant data in a manner consistent with Line 9c(1). 160% Current Liability Full Funding Limitation
the computations for the funding requirements reported on line Base. If a credit was entered on line 9l(5) on the prior year's
9. See the specific instructions for Lines 9a through 9q. For Schedule B, establish a new base equal to the amount of the
example, if the funding requirements are computed as if each credit (increased with interest to the current valuation date at the
participating employer maintained a separate plan, attach a valuation rate) and amortize the base over a 20-year period at
separate schedule for each participating employer in the the valuation rate.
multiple-employer plan. Note. No current liability full funding limitation bases are
Line 9. Shortfall Method. Under the shortfall method of established under the funding methods that do not provide for
funding, the normal cost in the funding standard account is the amortization bases (see Q&A-3 of Rev. Rul. 2000-20, 2000-16
charge per unit of production (or per unit of service) multiplied I.R.B. 880).
by the actual number of units of production (or units of service) Line 9c(2). Amortization for funding waivers must be based on
that occurred during the plan year. Each amortization installment the interest rate provided in Section 412(d) (“mandated rate”).
in the funding standard account is similarly calculated. Line 9d. Interest as Applicable. Interest as applicable should
Lines 9a through 9q. Multiple Employer Plans. If the plan is be charged to the last day of the plan year. The mandated rates
a multiple employer plan subject to the rules of Code section must be used when calculating interest on any amortization
413(c)(4)(A) for which minimum funding requirements are to be charges for funding waivers.
computed as if each employer were maintaining a separate plan, Line 9e. If the funded current liability percentage for the
complete one Schedule B for the plan. Also submit an preceding year reported in line 4a is at least 100%, quarterly
attachment completed in the same format as lines 9a through contributions are not required for the current plan year.
9q showing, for this plan year, for each individual employer
participants in excess of 100. The percentage should not exceed 1. If the funded current liability percentage (line 13c) is less than
100%. The amount on line 12u is also the amount entered on or equal to 35%, the amortization percentage is 30%.
line 9f. 2. If the funded current liability percentage exceeds 35%, the
Line 13. Additional Funding Charge under Prior Law (for amortization percentage is determined by reducing 30% by the
Use with the Optional and/or Transition Rules). The line is product of 25% and the amount of such excess. Enter the
completed if the plan sponsor elected in 1995 to use the resulting amortization percentage to the nearest 0.01 percent.
Optional rule under Code section 412(l)(3)(E) or is using the The unfunded new liability amount is equal to the
Transition rule under Code section 412(l)(11) in 2001. Do not above-calculated percentage of the unfunded new liability.
complete line 13 for plans that are not subject to section 412(l) Line 13i. Enter the amortization of the outstanding balance of
in 2001 (i.e., plans that entered zero on line 12u immediately the unfunded old liability as of the valuation date (line 13e). In
after completing the Gateway % in line 12a). All calculations in the case of a collectively bargained plan, the unfunded old
line 13 must be done using the law pertaining to the additional liability amount to enter on line 13i must include the amortization
funding charge as it existed prior to “RPA '94” (see Q&A-9 of of any unfunded existing benefit increase liability calculated in
Rev. Rul. 96-21). accordance with Code section 412(l)(3)(C)(ii). On a separate
Line 13a. Enter the “OBRA '87” current liability as of the attachment, show the breakdown of the various liabilities being
valuation date. amortized, the outstanding balance of each liability, the number
Line 13b. Enter the actuarial value of assets (line 1b(2)), of years remaining in the amortization period, and the
reduced by the prior year's credit balance (line 9h). If line 9h was amortization amount, and label the attachment, “Schedule B,
determined at a date other than the valuation date, adjust the line 13i - Schedule of DRC (‘OBRA '87’) Bases.”
credit balance for interest at the valuation rate to the current Any such amortization amount must be determined based on:
valuation date before subtracting. Do not add a prior year's 1. The “OBRA '87” current liability interest rate in effect at the
funding deficiency to the assets. beginning of the plan year, and
Line 13c. Enter the adjusted actuarial value of assets 2. The valuation date as the due date of the amortization
expressed as a percentage of current liability. Round off to two payment.
decimal places (e.g., 59.41%). The amortization period must be the remainder of the original
Line 13e. Enter the outstanding balance of the unfunded old 18-year period that applied when the amortization began.
liability as of the valuation date. To compute the outstanding Any such amortization amount must be redetermined each
balance, lines 13e and 13i from the 2000 Schedule B should be year based on the outstanding balance (line 13e). If the plan
used. becomes fully funded on a current liability basis, the unfunded
Line 13f. Enter the liability for any unpredictable contingent old liability (including any liability arising from collectively
event benefit included on line 13a, whether or not such event bargained plans) will be considered fully amortized (see Q&A-7
has occurred. of Rev. Rul. 96-20).
Line 13g. This amount is the unfunded new liability. It will be Line 13j. Deficit Reduction Contribution. Enter the sum of
recalculated each year. If the result is negative, enter -0-. lines 13h and 13i. This amount is the deficit reduction
Line 13h. If the unfunded new liability is zero, enter -0- for the contribution at the valuation date.
unfunded new liability amount. If the unfunded new liability is Line 13k. When entering the net amortization amounts for
greater than zero, first calculate the amortization percentage as certain bases include only charges (included on line 9c) and
follows: credits (included on line 9j) attributable to original unfunded
liability, amendments, funding waivers, and charges resulting
I, as plan administrator, verify that the explanation that is reproduced below or attached to this notice is the
explanation concerning your termination reported on the Schedule C (Form 5500) attached to the 2001 Annual
Return/Report Form 5500 for the (enter name of plan). This
Form 5500 is identified in line 2b by the nine-digit EIN - (enter sponsor’s EIN), and in line 1b by the
three-digit PN (enter plan number).
You have the opportunity to comment to the Department of Labor concerning any aspect of this explanation.
Comments should include the name, EIN, and PN of the plan and be submitted to: Office of Enforcement, Pension
and Welfare Benefits Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C.
20210.
Signed
Dated
The second schedule required to be attached is a schedule of investment assets that were both acquired and disposed of within
the plan year. This schedule must be clearly labeled “Schedule H, line 4i—Schedule of Assets (Acquired and Disposed of Within
Year).”
(b) Description of investment including maturity date, (c) Costs of (d) Proceeds of
(a) Identity of issue, borrower, lessor, or similar party acquisitions dispositions
rate of interest, collateral, par, or maturity value
Notes: (1) Participant loans under an individual account plan with investment experience segregated for each account, that are
made in accordance with 29 CFR 2550.408b-1 and that are secured solely by a portion of the participant’s vested accrued benefit,
may be aggregated for reporting purposes in item 4i. Under identity of borrower enter “Participant loans,” under rate of interest
enter the lowest rate and the highest rate charged during the plan year (e.g., 8%–10%), under the cost and proceeds columns
enter zero, and under current value enter the total amount of these loans. (2) Column (d) cost information for the Schedule of
Assets (Held At End of Year) and the column (c) cost of acquisitions information for the Schedule of Assets (Acquired and
Disposed of Within Year) may be omitted when reporting investments of an individual account plan that a participant or beneficiary
directed with respect to assets allocated to his or her account (including a negative election authorized under the terms of the
plan). (3) Participant-directed brokerage account assets reported in the aggregate on line 1c(15) should be treated as one asset
held for investment for purposes of the line 4i schedules, except investments in tangible personal property must continue to be
reported as separate assets on the line 4i schedules.
pooled separate accounts, master trust investment accounts, least 30 days before any plan merger or consolidation or any
103-12 IEs and registered investment companies in which this transfer of plan assets or liabilities to another plan. There is a
plan or DFE invests. penalty for not filing Form 5310-A on time. In addition, a transfer
In the case of a purchase or sale of a security on the market, of benefit liabilities involving a plan covered by PBGC insurance
do not identify the person from whom purchased or to whom may be reportable to the PBGC (see PBGC Form 10 and Form
sold. 10-Advance).
Line 4j schedule. The schedule required to be attached is a schedule of reportable transactions that must be clearly labeled
“Schedule H, line 4j — Schedule of Reportable Transactions.”
(h) Current
(a) Identity of (b) Description of asset (c) Purchase (d) Selling (e) Lease (f) Expense (g) Cost of value of asset (i) Net gain
party involved (include interest rate and price price rental incurred asset on transaction or (loss)
maturity in case of a loan) with transaction date
in accordance with 29 CFR 2520.104b-10: incurred before the termination date, but not yet paid. See 29
1. The name of each regulated financial institution holding CFR 2520.104b-2(g)(2)(ii).
or issuing qualifying plan assets and the amount of such assets Line 5b. Enter information concerning assets and/or liabilities
reported by the institution as of the end of the plan year (this transferred from this plan to another plan(s) (including spin-offs)
SAR disclosure requirement does not apply to qualifying during the plan year. A transfer of assets or liabilities occurs
employer securities, participant loans and individual account when there is a reduction of assets or liabilities with respect to
assets described in paragraphs 4, 5 and 6 above); one plan and the receipt of these assets or the assumption of
2. The name of the surety company issuing the fidelity bond, these liabilities by another plan. Enter the name, PN, and EIN
if the plan has more than 5% of its assets in non-qualifying plan of the transferee plan(s) involved on lines 5b(1), b(2) and b(3).
assets; If there are more than three plans, include an attachment with
3. A notice that participants and beneficiaries may, upon the information required for 5b(1), b(2) and b(3) for each
request and without charge, examine or receive from the plan additional plan and label the attachment, "Schedule I, line 5b
evidence of the required bond and copies of statements from the -Additional Plans."
regulated financial institutions describing the qualifying plan Note. A distribution of all or part of an individual participant's
assets; and account balance that is reportable on Form 1099-R should not
4. A notice that participants and beneficiaries should contact be included on line 5b. Do not submit Form 1099-R with the
the PWBA Regional Office if they are unable to examine or Form 5500.
obtain copies of the regulated financial institution statements or Form 5310-A, Notice of Merger or Consolidation, Spinoff,
evidence of the required bond, if applicable.
Condition 3: In addition, in response to a request from any
! or Transfer of Plan Assets or Liabilities; Notice of
CAUTION Qualified Separate Lines of Business, must be filed at
participant or beneficiary, the administrator, without charge to the least 30 days before any plan merger or consolidation or any
participant or beneficiary, must make available for examination, transfer of plan assets or liabilities to another plan. There is a
or upon request furnish copies of, each regulated financial penalty for not filing Form 5310- A on time. In addition, a transfer
institution statement and evidence of any required bond. of benefit liabilities involving a plan covered by PBGC insurance
Examples. Plan A, which has a plan year that began on or after may be reportable to the PBGC (see PBGC Form 10 and Form
April 18, 2001, had total assets of $600,000 as of the end of the 10-Advance).
2000 plan year that included: investments in various bank,
Page 58
OMB Control Numbers
Agency OMB Number Agency OMB Number
Pension and Welfare Benefits Administration 1210-0110 Pension Benefit Guaranty Corporation 1212-0057
1210-0089 Social Security Administration 0960-0606
Internal Revenue Service 1545-1610
Form 5500 1 hr., 44 min. 1 hr., 6 min. 1 hr., 38 min. 1 hr., 5 min.
Schedule A 1 hr., 41 min. 53 min. 8 hr., 10 min. 2 hr., 11 min.
Schedule B 6 hr., 38 min. 31 min.
Schedule C 1 hr., 17 min. 52 min.
Schedule D 10 hr. 10 hr.
Schedule E 3 hr., 18 min. 3 hr., 18 min.
Schedule F 45 min. 26 min.
Schedule G 11 hr., 58 min. 6 hr., 28 min.
Schedule H 7 hr., 56 min. 3 hr., 22 min.
Schedule I 1 hr., 28 min. 1 hr., 28 min.
Schedule P 13 min. 2 min.
Schedule R 1 hr. 30 min.
Schedule SSA 6 hr., 10 min. 1 hr., 42 min.
Schedule T 4 hr., 40 min. 37 min.
If you have comments concerning the accuracy of these time estimates or suggestions for making these forms
simpler, we would be happy to hear from you. You can write to the Tax Forms Committee, Western Area
Distribution Center, Rancho Cordova, CA 95743-0001. Do not send any of these forms or schedules to this
address. Instead, see Where To File on page 5.
Page 59
Index
0 Instructions for Schedule E ........................................ 35
80-120 Participant Rule ................................................ 7 Who Must File ......................................................... 35
103-12 Investment Entity (103-12 IE) ........................ 10 Instructions for Schedule F ........................................ 36
Instructions for Schedule G ........................................ 37
A Who Must File ......................................................... 37
About the Form 5500 ................................................... 1 Instructions for Schedule H ........................................ 39
Amended Return/Report .............................................. 6 Who Must File ......................................................... 39
Amendments .............................................................. 53 Instructions for Schedule I ......................................... 46
Who Must File ......................................................... 46
C Instructions for Schedule P ........................................ 51
Change in Plan Year .................................................... 7 Who May File .......................................................... 51
Changes To Note for 2001 .......................................... 1 Instructions for Schedule R ........................................ 52
Combination unfunded/insured welfare plan ................ 4 Who Must File ......................................................... 52
Common/Collective Trust (CCT) ................................ 10 Instructions for Schedule SSA ................................... 54
Revising a Prior Report .......................................... 54
D What To File ........................................................... 54
Direct Filing Entity (DFE) - Who Must File .................. 4 When NOT to Report a Separated Participant ...... 54
Direct Filing Entity (DFE) Filing Requirements ............ 9 When to Report a Separated Participant ............... 54
Distribution .................................................................. 52 Who Must File ......................................................... 54
Instructions for Schedule T ........................................ 56
Who Must File ......................................................... 56
E Investment and Annuity Contract Information ............ 22
EFAST Processing System .......................................... 1
EFAST Processing Tips ............................................... 1
Extension of Time To File ............................................ 4 L
Limited Pension Plan Reporting ................................... 9
Loans or Fixed Income Obligations in Default or
F Classified as Uncollectible ...................................... 37
Final Return/Report ...................................................... 6
Mergers/Consolidations ............................................ 6
Pension and Welfare Plans That Terminated Without M
Distributing All Assets ........................................... 6 Master Trust Investment Account (MTIA) .................. 10
Welfare Plans Still Liable To Pay Benefits ............... 6
Financial Schedules ..................................................... 8 N
Form 5500 Completed by Pen ..................................... 6 Nonexempt Transactions ..................................... 37, 48
Form 5500 Completed by Typewriter .......................... 6 Notice To Terminated Accountant Or Enrolled
Form 5500 Completed by Using Computer Software .. 6 Actuary .................................................................... 33
Form 5500 Schedules .................................................. 7
Fringe Benefit Plan - Who Must File ............................ 4 P
Fringe Benefit Plan Filing Requirements ..................... 9 Paper and Electronic Filing .......................................... 6
Fringe Benefit Schedule ............................................... 8 Party-in-Interest .................................................... 37, 48
Fully insured welfare benefit plan ................................ 4 Penalties ....................................................................... 7
Funding Information ................................................... 52 Administrative ........................................................... 7
Other ......................................................................... 7
G Pension Benefit Plan - Who Must File ......................... 3
Group Insurance Arrangement (GIA) ......................... 11 Pension Benefit Plan Filing Requirements .................. 8
Pension Benefit Schedules .......................................... 7
H Plan sponsor .............................................................. 15
How To File .................................................................. 5 Pooled Separate Account (PSA) ................................ 10
How To Get Forms and Related Publications ............. 2 Private Delivery Service ............................................... 5
By Phone and in Person .......................................... 2 Processing Tips ............................................................ 1
Personal Computer ................................................... 2
R
I Reportable transaction ............................................... 45
Information Concerning Insurance Contract Coverage,
Fees, and Commissions ......................................... 21 S
Instructions for Schedule A ........................................ 21 Schedule of Reportable Transactions ........................ 45
Who Must File ......................................................... 21 Securities acquisition loan .......................................... 35
Instructions for Schedule B ........................................ 23 Service Provider Information ...................................... 32
Statement by Enrolled Actuary ............................... 23 Short Plan Year Rule ................................................... 7
Who Must File ......................................................... 23 Signature and Date ...................................................... 6
Instructions for Schedule C ........................................ 32 Small Plan Financial Information ............................... 46
Who Must File ......................................................... 32 Snapshot testing ......................................................... 57
Instructions for Schedule D ........................................ 34 Special rule for certain participant-directed
Who Must File ......................................................... 34 transactions ............................................................. 45
Page 60
Special Rules for Certain Plans of Partnerships and W
Wholly Owned Trades or Businesses ...................... 3 Welfare Benefit Contract Information ......................... 22
Statement by Enrolled Actuary .................................. 23 Welfare Benefit Plan - Who Must File ......................... 3
Substantiation Guidelines ........................................... 56 Welfare Benefit Plan Filing Requirements ................... 9
Welfare Plan And Fringe Benefit Plan Filing Together 9
T What To File ................................................................. 7
Telephone Assistance .................................................. 2 When To File ................................................................ 4
Termination Information on Accountants and Enrolled DFEs other than GIAs .............................................. 4
Actuaries ................................................................. 33 Extensions ................................................................ 4
Transactions During Plan Year .................................. 48 Plans and GIAs ......................................................... 4
Trust's Employer Identification Number ..................... 51 Short Years ............................................................... 4
When to Report a Separated Participant ................... 54
U Where To File ............................................................... 5
Unfunded welfare benefit plan ..................................... 3 Who Must File .............................................................. 3
Page 61
Code Code
Forms 5500 and 5500-EZ 321900 Other Wood Product Mfg 333900 Other General Purpose
Machinery Mfg
Codes for Principal Business Activity Paper Manufacturing
Computer and Electronic Product
322100 Pulp, Paper, & Paperboard
Mills Manufacturing
This list of principal business activities and their 322200 Converted Paper Product Mfg 334110 Computer & Peripheral
associated codes is designed to classify an enterprise Printing and Related Support Equipment Mfg
Activities 334200 Communications Equipment
by type of activity in which it is engaged. These principal 323100 Printing & Related Support Mfg
activity codes are based on the North American Industry Activities 334310 Audio & Video Equipment Mfg
334410 Semiconductor & Other
Classification System. Petroleum and Coal Products
Electronic Component Mfg
Manufacturing
324110 Petroleum Refineries 334500 Navigational, Measuring,
(including integrated) Electromedical, & Control
Agriculture, Forestry, Fishing Code Instruments Mfg
324120 Asphalt Paving, Roofing, &
and Hunting Saturated Materials Mfg 334610 Manufacturing & Reproducing
Heavy Construction Magnetic & Optical Media
Code 234100 Highway, Street, Bridge, & 324190 Other Petroleum & Coal
Tunnel Construction Products Mfg Electrical Equipment, Appliance, and
Crop Production Component Manufacturing
234900 Other Heavy Construction Chemical Manufacturing
111100 Oilseed & Grain Farming 335100 Electric Lighting Equipment
111210 Vegetable & Melon Farming Special Trade Contractors 325100 Basic Chemical Mfg
Mfg
(including potatoes & yams) 235110 Plumbing, Heating, & 325200 Resin, Synthetic Rubber, &
Artificial & Synthetic Fibers & 335200 Household Appliance Mfg
111300 Fruit & Tree Nut Farming Air-Conditioning Contractors
Filaments Mfg 335310 Electrical Equipment Mfg
111400 Greenhouse, Nursery, & 235210 Painting & Wall Covering
Contractors 325300 Pesticide, Fertilizer, & Other 335900 Other Electrical Equipment &
Floriculture Production Component Mfg
235310 Electrical Contractors Agricultural Chemical Mfg
111900 Other Crop Farming (including Transportation Equipment
tobacco, cotton, sugarcane, 235400 Masonry, Drywall, Insulation, 325410 Pharmaceutical & Medicine
& Tile Contractors Mfg Manufacturing
hay, peanut, sugar beet & all
other crop farming) 235500 Carpentry & Floor Contractors 325500 Paint, Coating, & Adhesive 336100 Motor Vehicle Mfg
235610 Roofing, Siding, & Sheet Mfg 336210 Motor Vehicle Body & Trailer
Animal Production 325600 Soap, Cleaning Compound, & Mfg
112111 Beef Cattle Ranching & Metal Contractors
235710 Concrete Contractors Toilet Preparation Mfg 336300 Motor Vehicle Parts Mfg
Farming 325900 Other Chemical Product & 336410 Aerospace Product & Parts
112112 Cattle Feedlots 235810 Water Well Drilling
Contractors Preparation Mfg Mfg
112120 Dairy Cattle & Milk Production Plastics and Rubber Products 336510 Railroad Rolling Stock Mfg
112210 Hog & Pig Farming 235900 Other Special Trade
Contractors Manufacturing 336610 Ship & Boat Building
112300 Poultry & Egg Production 326100 Plastics Product Mfg 336990 Other Transportation
112400 Sheep & Goat Farming Manufacturing 326200 Rubber Product Mfg Equipment Mfg
112510 Animal Aquaculture (including Nonmetallic Mineral Product Furniture and Related Product
shellfish & finfish farms & Food Manufacturing
311110 Animal Food Mfg Manufacturing Manufacturing
hatcheries)
311200 Grain & Oilseed Milling 327100 Clay Product & Refractory 337000 Furniture & Related Product
112900 Other Animal Production Mfg Manufacturing
311300 Sugar & Confectionery
Forestry and Logging Product Mfg 327210 Glass & Glass Product Mfg Miscellaneous Manufacturing
113110 Timber Tract Operations 311400 Fruit & Vegetable Preserving 327300 Cement & Concrete Product 339110 Medical Equipment &
113210 Forest Nurseries & Gathering & Specialty Food Mfg Mfg Supplies Mfg
of Forest Products 311500 Dairy Product Mfg 327400 Lime & Gypsum Product Mfg 339900 Other Miscellaneous
113310 Logging 311610 Animal Slaughtering and 327900 Other Nonmetallic Mineral Manufacturing
Fishing, Hunting and Trapping Processing Product Mfg
114110 Fishing 311710 Seafood Product Preparation Primary Metal Manufacturing Wholesale Trade
114210 Hunting & Trapping & Packaging 331110 Iron & Steel Mills & Ferroalloy Wholesale Trade, Durable Goods
Support Activities for Agriculture and 311800 Bakeries & Tortilla Mfg Mfg 421100 Motor Vehicle & Motor Vehicle
Forestry 311900 Other Food Mfg (including 331200 Steel Product Mfg from Parts & Supplies Wholesalers
115110 Support Activities for Crop coffee, tea, flavorings & Purchased Steel 421200 Furniture & Home Furnishing
Production (including cotton seasonings) 331310 Alumina & Aluminum Wholesalers
ginning, soil preparation, Beverage and Tobacco Product Production & Processing 421300 Lumber & Other Construction
planting, & cultivating) Manufacturing 331400 Nonferrous Metal (except Materials Wholesalers
115210 Support Activities for Animal 312110 Soft Drink & Ice Mfg Aluminum) Production & 421400 Professional & Commercial
Production 312120 Breweries Processing Equipment & Supplies
115310 Support Activities For 331500 Foundries Wholesalers
312130 Wineries
Forestry Fabricated Metal Product 421500 Metal & Mineral (except
312140 Distilleries Petroleum) Wholesalers
312200 Tobacco Manufacturing Manufacturing
Mining 332110 Forging & Stamping 421600 Electrical Goods Wholesalers
211110 Oil & Gas Extraction Textile Mills and Textile Product 421700 Hardware, & Plumbing &
Mills 332210 Cutlery & Handtool Mfg
212110 Coal Mining Heating Equipment &
313000 Textile Mills 332300 Architectural & Structural Supplies Wholesalers
212200 Metal Ore Mining Metals Mfg
314000 Textile Product Mills 421800 Machinery, Equipment, &
212310 Stone Mining & Quarrying 332400 Boiler, Tank, & Shipping
Apparel Manufacturing Container Mfg Supplies Wholesalers
212320 Sand, Gravel, Clay, & Ceramic
& Refractory Minerals Mining 315100 Apparel Knitting Mills 332510 Hardware Mfg 421910 Sporting & Recreational
& Quarrying 315210 Cut & Sew Apparel Goods & Supplies
332610 Spring & Wire Product Mfg Wholesalers
212390 Other Nonmetallic Mineral Contractors 332700 Machine Shops; Turned
Mining & Quarrying 315220 Men’s & Boys’ Cut & Sew 421920 Toy & Hobby Goods &
Product; & Screw, Nut, & Bolt Supplies Wholesalers
213110 Support Activities for Mining Apparel Mfg Mfg
421930 Recyclable Material
315230 Women’s & Girls’ Cut & Sew 332810 Coating, Engraving, Heat Wholesalers
Utilities Apparel Mfg Treating, & Allied Activities
421940 Jewelry, Watch, Precious
221100 Electric Power Generation, 315290 Other Cut & Sew Apparel Mfg 332900 Other Fabricated Metal Stone, & Precious Metal
Transmission & Distribution 315990 Apparel Accessories & Other Product Mfg Wholesalers
221210 Natural Gas Distribution Apparel Mfg Machinery Manufacturing 421990 Other Miscellaneous Durable
221300 Water, Sewage & Other Leather and Allied Product 333100 Agriculture, Construction, & Goods Wholesalers
Systems Manufacturing Mining Machinery Mfg
316110 Leather & Hide Tanning & 333200 Industrial Machinery Mfg
Construction Finishing 333310 Commercial & Service
Code 316210 Footwear Mfg (including Industry Machinery Mfg
Building, Developing, and General rubber & plastics) 333410 Ventilation, Heating,
Contracting 316990 Other Leather & Allied Air-Conditioning, &
233110 Land Subdivision & Land Product Mfg Commercial Refrigeration
Development Wood Product Manufacturing Equipment Mfg
233200 Residential Building 321110 Sawmills & Wood 333510 Metalworking Machinery Mfg
Construction Preservation 333610 Engine, Turbine & Power
233300 Nonresidential Building 321210 Veneer, Plywood, & Transmission Equipment Mfg
Construction Engineered Wood Product
Mfg
Page 62
Code Code Code Code
Wholesale Trade, Nondurable Goods Clothing and Clothing Accessories Support Activities for Transportation 523210 Securities & Commodity
422100 Paper & Paper Product Stores 488100 Support Activities for Air Exchanges
Wholesalers 448110 Men’s Clothing Stores Transportation 523900 Other Financial Investment
422210 Drugs & Druggists’ Sundries 448120 Women’s Clothing Stores 488210 Support Activities for Rail Activities (including portfolio
Wholesalers 448130 Children’s & Infants’ Clothing Transportation management & investment
422300 Apparel, Piece Goods, & Stores 488300 Support Activities for Water advice)
Notions Wholesalers 448140 Family Clothing Stores Transportation Insurance Carriers and Related
422400 Grocery & Related Product 448150 Clothing Accessories Stores 488410 Motor Vehicle Towing Activities
Wholesalers 448190 Other Clothing Stores 488490 Other Support Activities for 524140 Direct Life, Health, & Medical
422500 Farm Product Raw Material 448210 Shoe Stores Road Transportation Insurance & Reinsurance
Wholesalers 488510 Freight Transportation Carriers
448310 Jewelry Stores
422600 Chemical & Allied Products Arrangement 524150 Direct Insurance &
448320 Luggage & Leather Goods Reinsurance (except Life,
Wholesalers Stores 488990 Other Support Activities for
422700 Petroleum & Petroleum Transportation Health & Medical) Carriers
Products Wholesalers Sporting Goods, Hobby, Book, and 524210 Insurance Agencies &
Music Stores Couriers and Messengers
422800 Beer, Wine, & Distilled Brokerages
451110 Sporting Goods Stores 492110 Couriers
Alcoholic Beverage 524290 Other Insurance Related
451120 Hobby, Toy, & Game Stores 492210 Local Messengers & Local Activities
Wholesalers Delivery
422910 Farm Supplies Wholesalers 451130 Sewing, Needlework, & Piece Funds, Trusts, and Other Financial
422920 Book, Periodical, & Goods Stores Warehousing and Storage Vehicles
Newspaper Wholesalers 451140 Musical Instrument & Supplies 493100 Warehousing & Storage 525100 Insurance & Employee Benefit
422930 Flower, Nursery Stock, & Stores (except lessors of Funds
Florists’ Supplies Wholesalers 451211 Book Stores miniwarehouses & self-
storage units) 525910 Open-End Investment Funds
422940 Tobacco & Tobacco Product 451212 News Dealers & Newsstands (Form 1120-RIC)
Wholesalers 451220 Prerecorded Tape, Compact Information 525920 Trusts, Estates, & Agency
422950 Paint, Varnish, & Supplies Disc, & Record Stores Accounts
Wholesalers Publishing Industries
General Merchandise Stores 525930 Real Estate Investment Trusts
422990 Other Miscellaneous 511110 Newspaper Publishers (Form 1120-REIT)
452110 Department stores
Nondurable Goods 511120 Periodical Publishers 525990 Other Financial Vehicles
452900 Other General Merchandise
Wholesalers Stores 511130 Book Publishers
511140 Database & Directory “Offices of Bank Holding Companies”
Retail Trade Miscellaneous Store Retailers Publishers and “Offices of Other Holding
453110 Florists 511190 Other Publishers Companies,” are located under
Motor Vehicle and Parts Dealers Management of Companies (Holding
453210 Office Supplies & Stationery 511210 Software Publishers
441110 New Car Dealers Stores Companies) at code 551111
441120 Used Car Dealers 453220 Gift, Novelty, & Souvenir Motion Picture and Sound Recording
441210 Recreational Vehicle Dealers Stores Industries Real Estate and Rental and
441221 Motorcycle Dealers 453310 Used Merchandise Stores 512100 Motion Picture & Video Leasing
441222 Boat Dealers Industries (except video
453910 Pet & Pet Supplies Stores rental) Real Estate
441229 All Other Motor Vehicle 453920 Art Dealers 531110 Lessors of Residential
Dealers 512200 Sound Recording Industries
453930 Manufactured (Mobile) Home Buildings & Dwellings
441300 Automotive Parts, Dealers Broadcasting and 531114 Cooperative Housing
Accessories, & Tire Stores Telecommunications 531120 Lessors of Nonresidential
453990 All Other Miscellaneous Store
Furniture and Home Furnishings Retailers (including tobacco, 513100 Radio & Television Buildings (except
Stores candle, & trophy shops) Broadcasting Miniwarehouses)
442110 Furniture Stores 513200 Cable Networks & Program 531130 Lessors of Miniwarehouses &
Nonstore Retailers Distribution
442210 Floor Covering Stores 454110 Electronic Shopping & Self-Storage Units
442291 Window Treatment Stores 513300 Telecommunications 531190 Lessors of Other Real Estate
Mail-Order Houses (including paging, cellular,
442299 All Other Home Furnishings 454210 Vending Machine Operators Property
satellite, & other 531210 Offices of Real Estate Agents
Stores 454311 Heating Oil Dealers telecommunications)
Electronics and Appliance Stores & Brokers
454312 Liquefied Petroleum Gas Information Services and Data
443111 Household Appliance Stores (Bottled Gas) Dealers 531310 Real Estate Property
Processing Services Managers
443112 Radio, Television, & Other 454319 Other Fuel Dealers 514100 Information Services
Electronics Stores 531320 Offices of Real Estate
454390 Other Direct Selling (including news syndicates, Appraisers
443120 Computer & Software Stores Establishments (including libraries, & on-line information
door-to-door retailing, frozen 531390 Other Activities Related to
443130 Camera & Photographic services) Real Estate
Supplies Stores food plan providers, party 514210 Data Processing Services
plan merchandisers, & Rental and Leasing Services
Building Material and Garden coffee-break service
Equipment and Supplies Dealers Finance and Insurance 532100 Automotive Equipment Rental
providers) & Leasing
444110 Home Centers Depository Credit Intermediation
532210 Consumer Electronics &
444120 Paint & Wallpaper Stores Transportation and 522110 Commercial Banking Appliances Rental
444130 Hardware Stores Warehousing 522120 Savings Institutions 532220 Formal Wear & Costume
444190 Other Building Material Air, Rail, and Water Transportation 522130 Credit Unions Rental
Dealers 522190 Other Depository Credit 532230 Video Tape & Disc Rental
481000 Air Transportation
444200 Lawn & Garden Equipment & Intermediation 532290 Other Consumer Goods
Supplies Stores 482110 Rail Transportation
483000 Water Transportation Nondepository Credit Intermediation Rental
Food and Beverage Stores 522210 Credit Card Issuing 532310 General Rental Centers
445110 Supermarkets and Other Truck Transportation
522220 Sales Financing 532400 Commercial & Industrial
Grocery (except Convenience) 484110 General Freight Trucking, Machinery & Equipment
Local 522291 Consumer Lending
Stores 522292 Real Estate Credit (including Rental & Leasing
445120 Convenience Stores 484120 General Freight Trucking,
Long-distance mortgage bankers & Lessors of Nonfinancial Intangible
445210 Meat Markets originators) Assets (except copyrighted works)
445220 Fish & Seafood Markets 484200 Specialized Freight Trucking
522293 International Trade Financing 533110 Lessors of Nonfinancial
445230 Fruit & Vegetable Markets Transit and Ground Passenger 522294 Secondary Market Financing Intangible Assets (except
445291 Baked Goods Stores Transportation 522298 All Other Nondepository copyrighted works)
445292 Confectionery & Nut Stores 485110 Urban Transit Systems Credit Intermediation
445299 All Other Specialty Food 485210 Interurban & Rural Bus Professional, Scientific, and
Transportation Activities Related to Credit
Stores
485310 Taxi Service
Intermediation Technical Services
445310 Beer, Wine, & Liquor Stores 522300 Activities Related to Credit Legal Services
485320 Limousine Service Intermediation (including loan
Health and Personal Care Stores 541110 Offices of Lawyers
485410 School & Employee Bus brokers)
446110 Pharmacies & Drug Stores Transportation 541190 Other Legal Services
446120 Cosmetics, Beauty Supplies, Securities, Commodity Contracts, Accounting, Tax Preparation,
485510 Charter Bus Industry and Other Financial Investments and
& Perfume Stores Bookkeeping, and Payroll Services
485990 Other Transit & Ground Related Activities
446130 Optical Goods Stores Passenger Transportation 541211 Offices of Certified Public
446190 Other Health & Personal Care 523110 Investment Banking & Accountants
Stores Pipeline Transportation Securities Dealing
486000 Pipeline Transportation 541213 Tax Preparation Services
Gasoline Stations 523120 Securities Brokerage
541214 Payroll Services
447100 Gasoline Stations (including Scenic & Sightseeing Transportation 523130 Commodity Contracts Dealing
541219 Other Accounting Services
convenience stores with gas) 487000 Scenic & Sightseeing 523140 Commodity Contracts
Transportation Brokerage Architectural, Engineering, and
Related Services
541310 Architectural Services
Page 63
Code Code Code Code
541320 Landscape Architecture 561500 Travel Arrangement & Other Ambulatory Health Care Food Services and Drinking Places
Services Reservation Services Services 722110 Full-Service Restaurants
541330 Engineering Services 561600 Investigation & Security 621900 Other Ambulatory Health Care 722210 Limited-Service Eating Places
541340 Drafting Services Services Services (including 722300 Special Food Services
541350 Building Inspection Services 561710 Exterminating & Pest Control ambulance services & blood (including food service
541360 Geophysical Surveying & Services & organ banks) contractors & caterers)
Mapping Services 561720 Janitorial Services Hospitals 722410 Drinking Places (Alcoholic
541370 Surveying & Mapping (except 561730 Landscaping Services 622000 Hospitals Beverages)
Geophysical) Services 561740 Carpet & Upholstery Cleaning Nursing and Residential Care
541380 Testing Laboratories Services Facilities Other Services
Specialized Design Services 561790 Other Services to Buildings & 623000 Nursing & Residential Care Repair and Maintenance
541400 Specialized Design Services Dwellings Facilities 811110 Automotive Mechanical &
(including interior, industrial, 561900 Other Support Services Social Assistance Electrical Repair &
graphic, & fashion design) (including packaging & Maintenance
labeling services, & 624100 Individual & Family Services
Computer Systems Design and 811120 Automotive Body, Paint,
convention & trade show 624200 Community Food & Housing, Interior, & Glass Repair
Related Services organizers) & Emergency & Other Relief
541511 Custom Computer Services 811190 Other Automotive Repair &
Programming Services Waste Management and Maintenance (including oil
Remediation Services 624310 Vocational Rehabilitation change & lubrication shops &
541512 Computer Systems Design Services car washes)
Services 562000 Waste Management &
Remediation Services 624410 Child Day Care Services 811210 Electronic & Precision
541513 Computer Facilities Equipment Repair &
Management Services Educational Services Arts, Entertainment, and Maintenance
541519 Other Computer Related
611000 Educational Services
Recreation 811310 Commercial & Industrial
Services
(including schools, colleges, & Performing Arts, Spectator Sports, Machinery & Equipment
Other Professional, Scientific, and universities) and Related Industries (except Automotive &
Technical Services 711100 Performing Arts Companies Electronic) Repair &
541600 Management, Scientific, & Health Care and Social 711210 Spectator Sports (including Maintenance
Technical Consulting Services Assistance sports clubs & racetracks) 811410 Home & Garden Equipment &
541700 Scientific Research & 711300 Promoters of Performing Arts, Appliance Repair &
Development Services Offices of Physicians and Dentists Maintenance
Sports, & Similar Events
541800 Advertising & Related 621111 Offices of Physicians (except 811420 Reupholstery & Furniture
mental health specialists) 711410 Agents & Managers for
Services Artists, Athletes, Entertainers, Repair
541910 Marketing Research & Public 621112 Offices of Physicians, Mental & Other Public Figures 811430 Footwear & Leather Goods
Opinion Polling Health Specialists Repair
711510 Independent Artists, Writers,
541920 Photographic Services 621210 Offices of Dentists & Performers 811490 Other Personal & Household
541930 Translation & Interpretation Offices of Other Health Practitioners Museums, Historical Sites, and Goods Repair & Maintenance
Services 621310 Offices of Chiropractors Similar Institutions Personal and Laundry Services
541940 Veterinary Services 621320 Offices of Optometrists 712100 Museums, Historical Sites, & 812111 Barber Shops
541990 All Other Professional, 621330 Offices of Mental Health Similar Institutions 812112 Beauty Salons
Scientific, & Technical Practitioners (except 812113 Nail Salons
Physicians) Amusement, Gambling, and
Services Recreation Industries 812190 Other Personal Care Services
621340 Offices of Physical, (including diet & weight
Management of Companies Occupational & Speech 713100 Amusement Parks & Arcades
713200 Gambling Industries reducing centers)
(Holding Companies) Therapists, & Audiologists 812210 Funeral Homes & Funeral
621391 Offices of Podiatrists 713900 Other Amusement &
551111 Offices of Bank Holding Recreation Industries Services
Companies 621399 Offices of All Other 812220 Cemeteries & Crematories
Miscellaneous Health (including golf courses, skiing
551112 Offices of Other Holding facilities, marinas, fitness 812310 Coin-Operated Laundries &
Companies Practitioners Drycleaners
centers, & bowling centers)
Outpatient Care Centers 812320 Drycleaning & Laundry
Administrative and Support 621410 Family Planning Centers Accommodation and Food Services (except
and Waste Management and 621420 Outpatient Mental Health & Services Coin-Operated)
Remediation Services Substance Abuse Centers 812330 Linen & Uniform Supply
Accommodation
621491 HMO Medical Centers 812910 Pet Care (except Veterinary)
Administrative and Support Services 721110 Hotels (except casino hotels)
621492 Kidney Dialysis Centers & Motels Services
561110 Office Administrative Services
621493 Freestanding Ambulatory 721120 Casino Hotels 812920 Photofinishing
561210 Facilities Support Services Surgical & Emergency
721191 Bed & Breakfast Inns 812930 Parking Lots & Garages
561300 Employment Services Centers
721199 All Other Traveler 812990 All Other Personal Services
561410 Document Preparation 621498 All Other Outpatient Care
Services Accommodation Religious, Grantmaking, Civic,
Centers Professional, and Similar
561420 Telephone Call Centers 721210 RV (Recreational Vehicle)
Medical and Diagnostic Laboratories Parks & Recreational Camps Organizations
561430 Business Service Centers 621510 Medical & Diagnostic
(including private mail centers 721310 Rooming & Boarding Houses 813000 Religious, Grantmaking, Civic,
Laboratories Professional, & Similiar
& copy shops)
Home Health Care Services Organizations (including
561440 Collection Agencies condominium and
561450 Credit Bureaus 621610 Home Health Care Services
homeowners associations)
561490 Other Business Support 813930 Labor Unions and Similar
Services (including Labor Organizations
repossession services, court
reporting, & stenotype 921000 Governmental Instrumentality
services) or Agency
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ERISA COMPLIANCE QUICK CHECKLIST
Compliance with the Employee Retirement Income Security Act (ERISA) begins with knowing the rules. Plan
administrators and other plan officials can use this checklist as a quick diagnostic tool for assessing a plan’s
compliance with certain important ERISA rules; it is not a complete description of all ERISA’s rules and it is not a
substitute for a comprehensive compliance review. Use of this checklist is voluntary, and it should not be filed with
your Form 5500.
If you answer “No” to any of the questions below, you should review your plan’s operations because you may
not be in full compliance with ERISA’s requirements.
1. Have you provided plan participants with a summary plan description, summaries of any material
modifications of the plan, and annual summary financial reports?
2. Do you maintain copies of plan documents at the principal office of the plan administrator for examination
by participants and beneficiaries?
3. Do you respond to written participant inquires for copies of plan documents and information within 30
days?
4. Does your plan include written procedures for making benefit claims and appealing denied claims, and are
you complying with those procedures?
5. Is your plan covered by a fidelity bond against losses due to fraud or dishonesty?
6. Are the plan’s investments diversified so as to minimize the risk of large losses?
7. If the plan permits participants to select the investments in their plan accounts, has the plan provided them
with enough information to make informed decisions?
8. Has a plan official determined that the investments are prudent and solely in the interest of the plan’s
participants and beneficiaries, and evaluated the risks associated with plan investments before making the
investments?
9. Did the employer or other plan sponsor send participant contributions to the plan on a timely basis?
10. Did the plan pay participant benefits on time and in the correct amounts?
If you answer “Yes” to any of the questions below, you should review your plan’s operations because you may
not be in full compliance with ERISA’s requirements.
1. Has the plan engaged in any financial transactions with persons related to the plan or any plan official, for
example, has the plan made a loan to or participated in an investment with the employer?
2. Has the plan official used the assets of the plan for his/her own interest?
3. Have plan assets been used to pay expenses that were not authorized in the plan document, were not
necessary to the proper administration of the plan, or were more than reasonable in amount?
If you need help answering these questions or want additional guidance about ERISA requirements, a plan
official should contact the U.S. Department of Labor Pension and Welfare Benefits Administration office in your
region or consult with the plan’s legal counsel or professional employee benefit advisor.
Page 65