Changes to the 2016 Forms 5500 and 5500-SF and Increases to ERISA Penalty Amounts

Article Excerpt:

The U.S. Department of Labor (DOL), Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) have released advance information regarding changes to the 2016 Form 5500/5500-SF annual return/report schedules and related instructions. The changes are generally not significant. Changes to the Form 5500 and Form 5500-SF and their schedules for plan year 2016 are described under “Changes to Note” in the respective 2016 instructions.