Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 12.
Summary
The Form 5500 Filing Simplification Act changes the deadline for filing the annual Form 5500, moving it from 210 days after a plan year ends to 15 days after the ninth calendar month following the year’s close. It also permits electronic signatures on the filing and directs Treasury and Labor to update related regulations. The changes are intended to reduce paperwork and timing burdens for plan administrators and participants.
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