The Internal Revenue Service has posted advanced copies of the 2005 Form 5500, the tax form for employee benefit plans, on its Web site.[@@]
The IRS developed the form together with the Employee Benefits Security Administration and the Pension Benefit Guaranty Corp.
One change affects Schedule T. Employers once had to file that form to give qualified pension plan coverage information, but the IRS is no longer requiring that schedule.
Other changes affect Schedule A (Insurance Information) and Schedule B (Actuarial Information).
Employers will have to give more information about insurance fees and commissions on Schedule A and more information about investment returns and actuarial assumptions on Schedule B.
Links to Form 5500 and information about the form are on the Web at http://www.dol.gov/ebsa/5500main.html#section1