401kFedForms

401kFedForms--A free online service for small businesses using the affordable, full-featured pc-based "run-it-yourself" 401(k) plans such as 401k Easy (www.401k-easy-online.com) . If you have a PC-based plan, please click here.

Welcome to 401k FedForms...

The information contained in this website is for web-based 401k customers. The website is designed to simplify your 401k-related federal reporting by helping you quickly locate relevant information within your 401k software.

Electronic Filing Requirement

Effective January 1, 2010, all Form 5500 Annual Returns and all Form 5500-SF Short Form and any required schedules and attachments, must be completed and filed electronically using EFAST2-approved third-party software or using IFILE. For more information on completing and filing forms electronically through EFAST2, see the EFAST2 FAQs and publications. This website will help you prepare the information you will need to file the Forms 5500 online.

If you are ready to complete your 401k-related federal reporting materials, click on "continue" below to move forward with 401k FedForms - and remember, 401k FedForms pertains ony to your 401k-related FEDERAL reporting requirements; you or your tax advisor should check with your state and local tax agencies for their 401k regulations and reporting requirements.

Important Notice...

You can download current (and past) sample Form 5500 and related Schedules directly from a US Department of Labor website. Please go to http://www.dol.gov/ebsa/5500main.html to access these downloadable sample forms.

If you are ready to complete your 401k related federal reporting materials, please move forward with 401k FedForms - and remember, 401k FedForms pertains ony to your 401k-related FEDERAL reporting requirements; you or your tax advisor should check with your state and local tax agencies for their 401k regulations and reporting requirements.

 

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How To Use This Guide...

The Purpose of This Guide...

The purpose of this guide is to show you where within your 401k you can locate the information needed to complete your 401k-related federal reporting Forms and Schedules.

Each IRS Form/Schedule Is Presented in Two Formats...

Instructions for each particular IRS Form or Schedule are presented in two formats:

• Point-and-Click FedForms Instructions
• Printable FedForms Instructions

Point-and-Click Instructions are for online use only. Clicking the highlighted areas of pictured IRS Forms opens a secondary window containing instructions for finding information within your 401k for that particular section of the Form or Schedule.

Both 401k FedForms Point-and-Click Instructions and 401k FedForms Printable Instructions contain the same information and both show you samples of the IRS Form or Schedule, they just present the information in different formats.

Using 401k FedForms Instructions...

401k FedForms presents its information in two formats:

• You can choose to view the "On-line "Point-and-Click" Fedform Instructions" section which allows you to click on any highlighted area of any IRS Form or Schedule pictured herein to call up the information on where within your 401k software to find the requested information.
• You can choose to view "Printable Fedform" instructional pages. These pages contain only a small graphical representation of the particular IRS Form or Schedule but list all 401k FedForms instructions regarding that Form or Schedule on a single page. Because information is not "hidden" within popup windows, the Detail pages are recommended for user's who prefer to download and print the instructions rather than view them while online.

This Guide Is Not a Tax Manual...

This guide is meant as a complement to, not a replacement for, published IRS instructions. 401k FedForms instructions are meant to simplify your federal reporting process by telling you where you can quickly locate pertinent information; 401k FedForms instructions are not meant to offer tax or financial advice.

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Determine the IRS Forms and Schedules You Need to File

Form(s) and Schedule(s) Vary With Plan Size...

Consult our 401k Related Federal Reporting Forms and Schedules (which will open up in its own window) to determine the IRS Forms and Schedules you need to file regarding your 401k plan and to see when each is due to the IRS.

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Gather Needed Information From Your 401k

The Primary 401k Reports You'll Need...

Five reports within your 401k plan administration software house the bulk of the information you will need in completing your 401k related IRS Forms and Schedules, and you might find it useful to print them out ahead of time. Following the name of each report is its location within your software.

• Year-End Auditor's Worksheet (go to Reports, Yearly 401k Activity Reports, Year End Auditor's Worksheet)
• Yearly 5500 Summary Worksheet (go to Reports, Yearly 401k Activity Reports, Yearly 5500 Summary Worksheet)
• Current Loans - printed AFTER your December processing has been completed (go to Reports, Administrative Reports, Current Loans)
• Year-to-Date ADP Test Corrections (go to Reports, Yearly 401k Activity Reports, Year-to-Date Activity Summary by Employee, choose the relevant Year, choose "ADP Test Correction" as the Activity Type)
• Year-to-Date Distributions (go to Reports, Yearly 401k Activity Reports, Year-to-Date Activity Summary by Employee, choose the relevant Year, choose "Distributions" as the Activity Type)

You will also want your 401k Plan Adoption Agreement for some basic plan information. (This document, supplied to you at your plan's outset, should be in your files; it is not incorporated within your 401(k)software.)

Reports Relevant to the Particular IRS Form or Schedule...

At the outset of the 401k FedForms instructions for each IRS Form or Schedule, you will find a precise list of the reports you will need from your 401k. Some (or all) of the above are generally included in each list, as are additional items relevant only to the particular Form or Schedule.

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Complete the Relevant IRS Forms and Schedules

Now You Are Ready to Begin...

Your customized 401k plan houses much of the information you need to complete your 401k related federal reporting materials.

401k FedForms can simplify your federal reporting. It explains the basic uses of each 401k related federal form and schedule and tells you where within your 401k plan find much of the requested information.

Just click on the category below relevant to your plan's size to access 401k FedForms instructions for locating information within your run-it-yourself 401k plan administration software applicable to your 401k related IRS Forms and Schedules.

Go to...

FedForms Instructions for IRS Forms For Plans With Only 1-Participant*

FedForms Instructions for IRS Forms For Plans With 2 to 99 Participants*

FedForms Instructions for IRS Forms For Plans With 100+ Participants*

*All employees who are technically eligible to participate in your company's 401k plan because they meet the eligibility requirements indicated in the plan documents whether or not they choose to join the plan are considered "Participants" under federal regulations. As such, they must be counted when you are determining the number of participants covered by your company's 401(k).

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