COMPLIANCE SOLUTIONS
5500 Preparation & Filing Audit Support
Simplifying Form 5500 filing & compliance.
If you are an employer sponsoring a retirement or health plan subject to ERISA, you are required to file Form 5500 with the Department of Labor and the IRS.
Form 5500 provides information about your plan’s financial status, contributions, and investments. Form 5500 preparation, filing and audit support are essential benefit administration tasks that ensure compliance with federal regulations, provide transparency to your plan participants and help manage your fiduciary responsibilities as plan sponsor.
Daybright can help. Our services assist in properly handling these tasks to mitigate risks and support the long-term success and integrity of your plan. Specifically, we can assist with:
- Information gathering
- Form completion
- Review and validation
- Electronic filing
Audit support
As participation in your sponsored retirement plan grows, you may reach a threshold that requires submission of an independent auditor’s report — usually when your plan reaches 100+ participants at the beginning of the plan year. Our services cover:
- Pre-audit preparation and organization
- Interacting with auditors
- Assisting with responses to auditor findings
Above all, we help you conduct regular reviews to ensure your ongoing compliance with ERISA and other regulations to reduce the risk of audit findings.