In PLANSPONSOR’s Ask the Expert series, Groom attorneys Kimberly Boberg, Kelly Geloneck, Emily Gerard, and David Levine discuss how plan sponsors should count participants when preparing Form 5500 filings.
The column explains that while changes effective in 2023 generally exclude eligible employees with zero account balances from the participant count used to determine large or small plan filing status, those employees may still need to be included in other Form 5500 participant counts. The authors emphasize the importance of following the specific instructions for each line of the form.
To read the article, click here.
