Beginning January 1, 2012, Form 5500-SF information for “one-participant plans” will not be available to the public on DOL’s website.
One-participant plans cover only a business owner and his or her spouse, or cover only one or more partners or partners and their spouses in a business partnership. Annual returns of one-participant plans can be filed by:
- electronically using Form 5500-SF with the Department of Labor’s EFAST2 system, if certain conditions are met
- completing and mailing a paper Form 5500-EZ to IRS.
However, electronic filing makes the process easier for the filer and increases data accuracy.
Visit the Form 5500 Corner Web page, and see the instructions for Form 5500-SF and the instructions for Form 5500-EZ for additional information on one-participant plans.
- Electronic Filing for One-Participant Plans Video (1:47)
If you file your one-participant plan return electronically using Form 5500-SF, your electronic return won't be available to the public through the Department of Labor's online search application.