What is a form 5500?
For employees, taxes are done when the W-2 is filed. A business can complete their taxes as early as March 15. Did you know your 401k retirement plan, even for small businesses has a form to file as well?
It’s called a Form 5500 and it reports to the federal government about the overall health and participation in your 401k plan. Andrew Meadows, SVP of HR, Brand, + Culture will give you a quick and easy rundown of what a Form 5500 does and how easy it is to file.