U.S. Department of Labor Issues Long Awaited Guidance on PEO Form 5500 Filings

On July 24, the Department of Labor (DOL) Employee Benefits Security Administration (EBSA) issued a “Field Assistance Bulletin” that provides both guidance and relief on PEO Form 5500 filings. The Bulletin states the following:

  • DOL is not going to penalize any PEOs for failing to include complete and accurate participating employer information in accordance with ERISA section 103(g) for 2015, 2016, and 2017 filings.
  • Going forward, beginning with plan year 2018, all reports must comply with the ERISA Section 103(g) requirements.
  • In light of the July 31, 2019, due date for calendar year plans to file their 2018 Form 5500, DOL is granting MEPs a special filing extension of up to two and a half months to file their 2018 annual report in compliance with ERISA section 103(g).

To view the Field Assistant Bulletin, click here.

NAPEO will continue to work with DOL to address the public availability of PEO Form 5500 filings, and will continue to work with Congress to find a legislative solution to protect the information provided to DOL by PEOs on their Form 5500 filings

You can view NAPEO’s Form 5500 resource page here.

If you have questions please call us at 925-250-4030 or email bill@erisaadvisorygroup.com

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