Wrangle Blog
Does the Covid-19 National Emergency Ending Effect 5500s and Plan Documents?
Last month we reported that the Covid National Emergency is to end, and its Outbreak period ceases on July 10, 2023. What impact does this have for the Form 5500 and Plan Documents? For the Form 5500’s Summary Annual Report (SAR) very...
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The 3 Most Common Errors Made During Plan Document Preparation
What are the three most common errors during Plan Document and SPD preparation? Considering this is the time of year when many Plan Documents and SPDs are prepared, we wanted to highlight solutions for you to help bring clarity. Mistake #1: Listing “New”...
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Obtaining Copies of the Efiled Form 5500s
We have great news to share about the latest developments on the DOL’s website (EFAST2) for downloading e-filed 5500s: The DOL’s EFAST2 system has changed how the 5500s are listed in its queue. In the past, all e-filed reports would be...
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Q&As from February 28th’s Webinar: Demystifying Plan Documents & Nondiscrimination Testing
On February 28th, we presented to our broker partners and clients, the basics and fundamentals of Wrap Plan Documents and Summary Plan Descriptions (SPDs). In addition, we went over key details regarding nondiscrimination testing. During our presentation, questions were submitted by the attendees,...
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Changes to Come for the Form 5500 and Form 5558
You may be wondering if you need to know anything after the February 2023 release of the DOLs and the IRS’s Phase III of the Form 5500 changes, and the answer is yes. However, as found with the first two sets of changes that were released in September 2021...
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2023’s New Features for the Wrangle Form 5500 Dashboard
The Wrangle Dashboard continues to deliver a great approach to entering data for your Form 5500s, and we have now added new enhancements to create an easier experience that continues to be in line with industry and ERISA directions.
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Prospecting with the Form 5500
For those of us familiar with the Form 5500, we have labeled it as a crystal ball for prospecting. It can quickly highlight the prospect’s benefit plan design as well as compliance issues and errors created by the employer before a broker even sets foot into the potential client’s...
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DOL 2023 Penalty Fees
Like clockwork, by January 15th of every year, the Department of Labor releases the annual penalty fees, typically increased to match inflation. Wrangle’s mission is to help you and your client navigate through ERISA compliance to avoid ever reaching these penalties. Here are 2023’s annual penalty fees:
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Wrangle Presents a Free Webinar: Demystifying ERISA Plan Documents and Nondiscrimination Testing 2.0…New Information for 2023
Many Plan Sponsors fail to meet the basic ERISA compliance requirements for Plan Documents and SPDs as well as Nondiscrimination testing. Our goal for 2023 is to build you a foundation in these areas providing you with a sense of certainty....
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