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Employee Plans Compliance Unit (EPCU) - Current Projects - 5500 EZ Non-Filer Project

Why did I receive a compliance check letter?

The Employee Plans Compliance unit (EPCU) contacted a sample of prior Form 5500-EZ filers identified in our records as not having filed a final return.

What is the EPCU attempting to determine?

Our primary goal is to ensure compliance with filing requirements. We also want to make sure plans that terminated are properly identified in our records.

What actions do I need to take?

Please provide a response to the information request within 30 days of the date of the compliance check letter. If you believe you have complied with the filing requirements, please provide an explanation. You may also furnish any other documents or clarifying material that you believe will be helpful for us to review. Please make every effort to make your responses as complete and accurate as possible.

Failure to provide the information requested could result in further action or an audit of your return.

Delinquent filer program

For penalty relief, consider the IRS Penalty Relief Program for Form 5500-EZ Late Filers. The program provides automatic relief from IRS late filing penalties on past due Form 5500EZ filings for a fee. 

If You Have Questions

Please e-mail us and we will be glad to answer any questions you have about the project and how it relates to you. Please include “5500 EZ Non-Filer Project” in the subject line of the message.

Background

Annual filing requirements apply to employers who have one-participant plans when the assets of all plans of the same sponsor exceed $250,000 or when the plans terminate, regardless of the amount of assets. Terminated one participant plans must file Form 5500-EZ (or alternatively, Form 5500-SF, if qualified to do so) until termination is complete and all assets have been distributed.

Additional resources

Page Last Reviewed or Updated: 22-Jan-2016