Form 5500: Overview of Changes to the Form 5500 and Audits of Employee Benefit Plans

Wednesday, June 22
12:00 p.m. ET

There have been several developments in the last couple of years which impact a plan sponsor’s Form 5500. In addition to new auditing standards issued by the AICPA Auditing Standards Board that apply to the audited financial statements that may be required to be filed with the 2021 Form 5500, the Department of Labor has issued content changes to the Form 5500 which are applicable for the 2022 plan year. This webinar will provide an overview of the following:

  • Overview of the Form 5500 Requirements
  • Summary of the Auditing Standards No. 136 and the impact on audits of employee benefit plans
  • Summary of the content changes to the 2022 Form 5500
  • Summary of proposed changes to Form 5500

Credit for Ohio Continuing Legal Education is currently pending.

Poth_Christine_web-1

Christine Poth

Vorys
Partner

Christine is a partner in the Vorys Columbus office and a member of the labor and employment group. Her practice focuses on employee benefits and related tax matters. She has experience in the design, implementation and administration of qualified retirement plans, health and welfare plans, insurance benefits, fringe benefits, deferred compensation, and incentive bonus programs. She has significant experience in working with the Internal Revenue Service (IRS) and Department of Labor (DOL) on compliance issues.

Parrish_Dawne_printpilot

Dawne McKenna Parrish

Vorys
Partner

Dawne is a partner in the Vorys Cincinnati and Columbus offices and a member of the labor and employment group. She focuses her practice on employee benefits and executive compensation issues. She has significant experience advising clients from small private businesses to large publicly held corporations regarding all aspects of employee benefits.

REGISTER

SHARE

Related Content

Preparing For and Surviving a Governmental Audit of Your Employee Benefit Plans

All employee benefit plans, including both retirement and group health plans, are regulated by one of three federal governmental agencies: the Internal Revenue Service (IRS), the Department of Labor (DOL) and/or the Pension Benefit Guarantee Corporation (PBGC). In the past couple of years, we have noticed an increase in audit activity, particularly by the IRS and DOL. This webinar will provide an overview of the trends that we are seeing in recent IRS and DOL audits.

Employee Benefits Legislative and Administrative Update

Largely in response to the COVID-19 pandemic, Congress enacted both the Consolidated Appropriations Act (CAA) and the American Rescue Plan Act (ARPA). In this webinar, Vorys attorneys Jennifer Dunsizer, Linda Mendel, Dawne McKenna Parrish and Christine Poth discuss the employee benefit plan related provisions of both the CAA and ARPA. This webinar provides overviews of the new ARPA COBRA subsidies, Flexible Spending Account Relief, outbreak period extensions, defined benefit funding relief and important deadlines.