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Form 5500 Filing Services for Health & Welfare Benefit Plans

Employers with at least 100 employee participants enrolled on the first day of the plan year are required to file this form with the IRS and DOL annually.

In an effort to reduce the administrative burden for employers and eliminate the potential for sizable monetary penalties, Medcom Benefit Solutions simplifies the complexity of Form 5500 filing by utilizing its expertise and decades of experience in custom-tailored reporting to best fit each employer’s needs.

Employers who fail to submit Form 5500 Annual Reports on time are exposed to significant penalties that can reach tens of thousands of dollars or more. Medcom Benefit Solutions’ Form 5500 experts are experienced in preparing corrective back filings under the Department of Labor’s Delinquent Filer Voluntary Compliance Program (DFVCP). This approach dramatically reduces the penalty amount while achieving full compliance with the law.

Medcom Benefit Solutions’ Form 5500 Filing service includes provision of the Summary Annual Report (SAR) for distribution to plan participants as required by federal law.

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