Form 5500 Deadline Looms: Ensure Your Compliance by July 31

If your organization sponsors an employee benefit plan subject to ERISA, your Form 5500 filing deadline is just around the corner. 

Key date  

For calendar-year plans, the 2024 Form 5500 must be filed with the U.S. Department of Labor by July 31, 2025 — unless you’ve requested an extension by filing Form 5558. 

Missing this deadline can be costly. The DOL can assess penalties of up to $2,739 per day for incomplete or late filings. However, relief may be available through the Delinquent Filer Voluntary Compliance Program (DFVCP) — but only if you act before receiving a DOL notice. 

Who’s exempt?  

Small welfare benefit plans with fewer than 100 covered participants that are unfunded, fully insured or both may not need to file. 

Take action now 

Work with your plan service providers to ensure you’re ready to file on time and avoid unnecessary penalties. 

Download our full guide to learn more about exemptions, extensions and tips for smooth compliance. 

Questions? 

If you have questions, contact TruePlan. Our team of advisors can help you with questions within the scope of employee benefits.