Employers that maintain a qualified retirement plan must file IRS Form 5500–Annual Return/ Report of Employee Benefit Plan.  Qualified retirement plans include defined benefit, profit-sharing, money purchase, and 401(k) plans.  SIMPLE and SEP plans do not have to file this form.  Form 5500 is due on the last day of the seventh month following the end of the year.  For example, a December year-end would be due on July 31.

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The most popular retirement plan adopted by businesses is the 401(k) plan.  However, there are other options for business owners.  For some small businesses, the SIMPLE plan makes the most sense. more…