Why did I receive an EPCU Compliance Check Letter?
Your sponsored plan received a Favorable Determination Letter (FDL) but a Form 5500 series return was not filed for your plan.
What is the EPCU attempting to determine?
We want to verify that all plans are filing required Form 5500 series returns.
What actions do I need to take?
Complete the Request for Information and return it to the person whose information is shown on the contact letter (Letter 1562-D) via e-mail, fax or postal mail. 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 provide a complete, accurate and timely response. Our letter contains brief filing information and sources of additional information you may need. You should file your return with the Department of Labor (Forms 5500 or 5500-SF) or the IRS Service Center (Form 5500-EZ).
If You Have Questions
Please feel free to contact the person listed in the cover letter with questions about this project and how it relates to your situation.
A review of Form 5500 series returns showed that there are plans that received a FDL but did not file a Form 5500 series return. Plans subject to ERISA are required to file an annual Form 5500 series return. Non-ERISA Plans covering a 100% business owner or one or more partners, and their spouses are required to file a Form 5500-EZ if their year-end assets are greater than $250,000.
The EPCU will be mailing a contact letter (Letter 1562-D) and Request for Information to a random sample of plan sponsors. A closing letter will be issued to the plan sponsor upon completion of our review.