Instructions for IRS Form 5500-EZ "Annual Return of a One-Participant (Owners/Partners and Their Spouses) Retirement Plan or a Foreign Plan"

This document contains official instructions for IRS Form 5500-EZ, Annual Return of One Participant (Owners and Their Spouses) Retirement Plan or a Foreign Plan - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 5500-EZ is available for download through this link.

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Download Instructions for IRS Form 5500-EZ "Annual Return of a One-Participant (Owners/Partners and Their Spouses) Retirement Plan or a Foreign Plan"

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2020
Instructions for Form 5500-EZ
Annual Return of a One-Participant
(Owners/Partners and Their Spouses) Retirement Plan or A Foreign Plan
Section references are to the Internal Revenue Code unless
How To Get Forms and Publications
otherwise noted.
You can find Form 5500-EZ and its instructions by visiting the IRS
Future developments. For the latest information about
Internet website at IRS.gov/FormsPubs. You can also find and
developments related to Form 5500-EZ and its instructions,
order other IRS forms and publications at IRS.gov/OrderForms.
such as legislation enacted after they were published, go to
Personal computer. You can access the IRS website 24 hours a
IRS.gov/Form5500EZ.
day, 7 days a week at IRS.gov to:
What's New
• View forms, instructions, and publications.
• See answers to frequently asked tax questions.
Filing Form 5500-EZ electronically under the EFAST2 filing
• Search publications online by topic or keyword.
system. Effective for plan years beginning after 2019, a one-
• Send comments or request help by email.
participant plan or a foreign plan required to file an annual return
• Sign up to receive local and national tax news by email.
can file Form 5500-EZ electronically using the EFAST2 filing
system or file Form 5500-EZ on paper with the IRS. Form 5500-SF
Photographs of Missing Children
is no longer used by a one-participant plan or a foreign plan in
The Internal Revenue Service is a proud partner with the
National
place of Form 5500-EZ.
Center for Missing & Exploited Children®
(NCMEC). Photographs
Amended Return. An amendment for a one-participant plan or a
of missing children selected by the Center may appear in
foreign plan that previously filed electronically using Form 5500-SF
instructions on pages that would otherwise be blank. You can
must file amended return electronically.
help bring these children home by looking at the photographs and
calling 1-800-THE-LOST (1-800-843-5678) if you recognize a
Filing Tips
child.
To reduce the possibility of correspondence and penalties, we
General Instructions
remind filers of the following.
Filing Form 5500-EZ on paper with the IRS:
Purpose Of Form
• Use the online, fillable 2020 Form 5500-EZ on the IRS website.
Form 5500-EZ is used by one-participant plans and foreign plans
Complete and download the form to your computer to print and
that are not subject to the requirements of section 104(a) of the
sign before mailing.
Employee Retirement Income Security Act of 1974 (ERISA).
• Or, use the official printed paper Form 5500-EZ obtained from
the IRS. Complete the form by hand using only black or blue
Note. A one-participant plan or a foreign plan (as defined under
ink. Be sure to enter your information in the specific line fields
Who Must File Form 5500-EZ) cannot file an annual return on
provided; sign and date the form before mailing.
Form 5500, Annual Return/Report of Employee Benefit Plan, or
• Or, use approved software, if available.
Form 5500-SF, Short Form Annual Return/Report of Small
• Do not use felt tip pens or other writing instruments that can
Employee Benefit Plan, regardless of whether the plan previously
cause signatures or data to bleed through to the other side of
filed an annual return on Form 5500 or Form 5500-SF. Therefore,
the paper. One-sided documents should have no markings on
every one-participant plan or a foreign plan required to file an
the blank side.
annual return must either file paper Form 5500-EZ with the IRS or
• Do not use glue or other sticky substances on the paper. Paper
electronically file Form 5500-EZ using the EFAST2 Filing System.
should be clean.
Who Must File Form 5500-EZ
• Do not submit extraneous information such as arrows or notes
on the form.
You must file Form 5500-EZ for a retirement plan if the plan is a
• Mail Form 5500-EZ for plan year 2020 to the IRS office in
one-participant plan or a foreign plan that is required to file an
Ogden, Utah, to be processed. See Where To File in these
annual return under section 6058(a).
instructions.
A one-participant plan means a retirement plan (that is, a defined
Filing Form 5500-EZ electronically using the EFAST2 filing
benefit pension plan or a defined contribution profit-sharing or
system:
money purchase pension plan), other than an Employee Stock
• File online using EFAST2’s web-based filing system or
Ownership Plan (ESOP), which:
• File through an EFAST2-approved vendor.
1. Covers only you (or you and your spouse) and you (or you and
Detailed information on electronic filing is available on the
your spouse) own the entire business (which may be
EFAST2 website at www.efast.dol.gov.
incorporated or unincorporated); or
2. Covers only one or more partners (or partners and their
Phone Help
spouses) in a business partnership (treating 2% shareholder of
If you have questions and need help in completing this form,
an S corporation, as defined in IRC §1372(b), as a partner); and
please call the IRS Help Line at 877-829-5500. If you have
3. Does not provide benefits for anyone except you (or you and
questions concerning electronic filing under the EFAST2 filing
your spouse) or one or more partners (or partners and their
system, call the EFAST2 Help Line at 1-866-GO-EFAST
spouses).
(1-866-463-3278). These toll-free telephone services are
available Monday through Friday.
Catalog Number 63264C
2020
Instructions for Form 5500-EZ
Annual Return of a One-Participant
(Owners/Partners and Their Spouses) Retirement Plan or A Foreign Plan
Section references are to the Internal Revenue Code unless
How To Get Forms and Publications
otherwise noted.
You can find Form 5500-EZ and its instructions by visiting the IRS
Future developments. For the latest information about
Internet website at IRS.gov/FormsPubs. You can also find and
developments related to Form 5500-EZ and its instructions,
order other IRS forms and publications at IRS.gov/OrderForms.
such as legislation enacted after they were published, go to
Personal computer. You can access the IRS website 24 hours a
IRS.gov/Form5500EZ.
day, 7 days a week at IRS.gov to:
What's New
• View forms, instructions, and publications.
• See answers to frequently asked tax questions.
Filing Form 5500-EZ electronically under the EFAST2 filing
• Search publications online by topic or keyword.
system. Effective for plan years beginning after 2019, a one-
• Send comments or request help by email.
participant plan or a foreign plan required to file an annual return
• Sign up to receive local and national tax news by email.
can file Form 5500-EZ electronically using the EFAST2 filing
system or file Form 5500-EZ on paper with the IRS. Form 5500-SF
Photographs of Missing Children
is no longer used by a one-participant plan or a foreign plan in
The Internal Revenue Service is a proud partner with the
National
place of Form 5500-EZ.
Center for Missing & Exploited Children®
(NCMEC). Photographs
Amended Return. An amendment for a one-participant plan or a
of missing children selected by the Center may appear in
foreign plan that previously filed electronically using Form 5500-SF
instructions on pages that would otherwise be blank. You can
must file amended return electronically.
help bring these children home by looking at the photographs and
calling 1-800-THE-LOST (1-800-843-5678) if you recognize a
Filing Tips
child.
To reduce the possibility of correspondence and penalties, we
General Instructions
remind filers of the following.
Filing Form 5500-EZ on paper with the IRS:
Purpose Of Form
• Use the online, fillable 2020 Form 5500-EZ on the IRS website.
Form 5500-EZ is used by one-participant plans and foreign plans
Complete and download the form to your computer to print and
that are not subject to the requirements of section 104(a) of the
sign before mailing.
Employee Retirement Income Security Act of 1974 (ERISA).
• Or, use the official printed paper Form 5500-EZ obtained from
the IRS. Complete the form by hand using only black or blue
Note. A one-participant plan or a foreign plan (as defined under
ink. Be sure to enter your information in the specific line fields
Who Must File Form 5500-EZ) cannot file an annual return on
provided; sign and date the form before mailing.
Form 5500, Annual Return/Report of Employee Benefit Plan, or
• Or, use approved software, if available.
Form 5500-SF, Short Form Annual Return/Report of Small
• Do not use felt tip pens or other writing instruments that can
Employee Benefit Plan, regardless of whether the plan previously
cause signatures or data to bleed through to the other side of
filed an annual return on Form 5500 or Form 5500-SF. Therefore,
the paper. One-sided documents should have no markings on
every one-participant plan or a foreign plan required to file an
the blank side.
annual return must either file paper Form 5500-EZ with the IRS or
• Do not use glue or other sticky substances on the paper. Paper
electronically file Form 5500-EZ using the EFAST2 Filing System.
should be clean.
Who Must File Form 5500-EZ
• Do not submit extraneous information such as arrows or notes
on the form.
You must file Form 5500-EZ for a retirement plan if the plan is a
• Mail Form 5500-EZ for plan year 2020 to the IRS office in
one-participant plan or a foreign plan that is required to file an
Ogden, Utah, to be processed. See Where To File in these
annual return under section 6058(a).
instructions.
A one-participant plan means a retirement plan (that is, a defined
Filing Form 5500-EZ electronically using the EFAST2 filing
benefit pension plan or a defined contribution profit-sharing or
system:
money purchase pension plan), other than an Employee Stock
• File online using EFAST2’s web-based filing system or
Ownership Plan (ESOP), which:
• File through an EFAST2-approved vendor.
1. Covers only you (or you and your spouse) and you (or you and
Detailed information on electronic filing is available on the
your spouse) own the entire business (which may be
EFAST2 website at www.efast.dol.gov.
incorporated or unincorporated); or
2. Covers only one or more partners (or partners and their
Phone Help
spouses) in a business partnership (treating 2% shareholder of
If you have questions and need help in completing this form,
an S corporation, as defined in IRC §1372(b), as a partner); and
please call the IRS Help Line at 877-829-5500. If you have
3. Does not provide benefits for anyone except you (or you and
questions concerning electronic filing under the EFAST2 filing
your spouse) or one or more partners (or partners and their
system, call the EFAST2 Help Line at 1-866-GO-EFAST
spouses).
(1-866-463-3278). These toll-free telephone services are
available Monday through Friday.
Catalog Number 63264C
A one-participant plan must file an annual return unless the plan
Mandatory electronic filing. A filer must file the Form 5500-EZ
meets the conditions for not filing under Who Does Not Have To
electronically using the EFAST2 Filing System instead of filing a
File Form 5500-EZ below.
paper Form 5500-EZ with the IRS if the filer is required to file at
least 250 returns of any type with the IRS, including information
A foreign plan means a pension plan that is maintained outside
returns (for example, Forms W-2 and Forms 1099), income tax
the United States primarily for nonresident aliens.
returns, employment tax returns, and excise tax returns, during
A foreign plan is required to file an annual return if the employer
the calendar year that includes the first day of the applicable plan
who maintains the plan is:
year. If a filer is required to file a Form 5500-EZ electronically but
does not, the filer is considered to have not filed the form even if a
• A domestic employer, or
paper Form 5500-EZ is submitted. See Treasury Regulations
• A foreign employer with income derived from sources within the
section 301.6058-2 for more information on mandatory electronic
United States (including foreign subsidiaries of domestic
filing of employee retirement benefit plan returns. The IRS may
employers) if contributions to the plan are deducted on its U.S.
waive the requirements to file Form 5500-EZ electronically in
income tax return.
cases of undue economic hardship. For information on filing a
Do not file an annual return for a plan that is a qualified foreign plan
!
request for a hardship waiver, see Rev. Proc. 2015-47, 2015-39
within the meaning of section 404A(e) that does not qualify for the
I.R.B. 419, available at https://www.irs.gov/irb/2015-39_IRB.
treatment provided in section 402(d).
CAUTION
EFAST2 Filing System
Note. If you are not eligible to file the Form 5500-EZ for a plan
that is subject to the reporting requirements in section 104 of
A one-participant plan and a foreign plan can satisfy their filing
ERISA, you must electronically file Form 5500 or, if eligible, Form
obligation under the Code by filing Form 5500-EZ electronically
5500-SF.
under the EFAST2 filing system in place of filing Form 5500-EZ
Who Does Not Have To File Form
on paper with the IRS.
Under EFAST2, you must electronically file the 2020 Forms 5500
5500-EZ
and 5500-SF using EFAST2's web-based filing system or you
You do not have to file Form 5500-EZ for the 2020 plan year for a
may file through an EFAST2-approved vendor. The 2020 Form
one-participant plan if the total of the plan's assets and the assets
5500-EZ can also be electronically filed using the EFAST2 filing
of all other one-participant plans maintained by the employer at
system or filed on paper with the IRS. For more information about
the end of the 2020 plan year does not exceed $250,000, unless
electronic filing, see the EFAST2 website at www.efast.dol.gov.
2020 is the final plan year of the plan. For more information on
For telephone assistance, call the EFAST2 Help Line at 1-866-
final plan years, see Final Return, later.
GO-EFAST (1-866-463-3278). The EFAST2 Help Line is
available Monday through Friday.
Example. If a plan meets all the requirements for filing Form
5500-EZ and its total assets (either alone or in combination with
Note (1). A filer must file Form 5500-EZ electronically instead of
one or more one-participant plans maintained by the employer)
filing Form 5500-EZ on paper if the filer is required to file at least
exceed $250,000 at the end of the 2020 plan year, Form 5500-EZ
250 returns of any type with the IRS during the calendar year.
must be filed for each of the employer's one-participant plans
See How To File for more information.
including those with less than $250,000 in assets for the 2020
Note (2). If a filer is not subject to the IRS mandatory electronic
plan year.
filing requirement under Treasury Regulations section
Note. You should use the total plan assets as listed as of the end
301.6058-2, a filer may elect to file Form 5500-EZ electronically
of the plan year on line 6a(2) of this form to determine whether
using the EFAST2 filing system. Information filed on Form 5500-
the plan(s) assets exceed $250,000. If an employer maintains
EZ is required to be made available to the public. However, the
one or more one-participant plans, the total assets of all one-
information for a one-participant plan or a foreign plan, whether
participant plans combined must be counted towards the amount
filed electronically with EFAST2 or filed on paper, will not be
of $250,000.
published on the internet.
How To File
What To File
Paper forms for filing. The 2020 Form 5500-EZ may be filed on
Plans required to file an annual return for one-participant (owners
paper. File the official IRS printed Form 5500-EZ or the
and their spouses) retirement plans or foreign plans may file Form
downloadable form found on the IRS website; or use approved
5500-EZ in accordance with its instructions. Filers of Form 5500-
software, if available.
EZ are not required to file schedules or attachments related to
Form 5500 with the 2020 Form 5500-EZ. However, you must
You can complete the online, fillable 2020 Form 5500-EZ found
collect and retain for your records completed Schedule MB
on the IRS website and download it to your computer to print and
(Form 5500), Multiemployer Defined Benefit Plan and Certain
sign before mailing to the address specified in these instructions.
Money Purchase Plan Actuarial Information, if applicable, and
See Where To File.
completed and signed Schedule SB (Form 5500), Single-
You can obtain the official IRS printed 2020 Form 5500-EZ from
Employer Defined Benefit Plan Actuarial Information, if
the IRS to complete by hand with pen or typewriter using blue or
applicable. Even though you do not have to file the Schedule MB
black ink. Entries should not exceed the lines provided on the
(Form 5500) or Schedule SB (Form 5500) with the 2020 Form
form. Abbreviate if necessary. Paper forms are available from the
5500-EZ, you are still required to both perform an annual
IRS as discussed earlier in How To Get Forms and Publications.
valuation and maintain the funding records associated with plan
Electronic filing. Effective for plan years beginning after 2019, a
funding in the same manner as a plan for which the applicable
filer can file Form 5500-EZ electronically using the EFAST2 filing
schedule must be filed.
system. See EFAST2 Filing System in these instructions.
Instructions for Form 5500-EZ (2020)
-2-
Eligible combined plans. The Pension Protection Act of 2006
Specific Instructions
established rules for a new type of pension plan, an “eligible
Part I – Annual Return Identification
combined plan,” effective for plan years beginning after December
31, 2009. An eligible combined plan consists of a defined benefit
Information
plan and a defined contribution plan that includes a qualified cash
Enter the calendar or fiscal year beginning and ending dates of
or deferred arrangement under section 401(k). The assets of the
the plan year (not to exceed 12 months in length) for which you
two plans are held in a single trust, but clearly identified and
are reporting information. Express the date in numerical month,
allocated between plans. The eligible combined plan design is
day, and year in the following order “MM/DD/YYYY” (for example,
available only to employers that:
“01/01/2020”).
• Employed an average of at least 2, but no more than 500,
For a plan year of less than 12 months (short plan year), insert
employees on business days during the calendar year prior to
the short plan year beginning and ending dates on the line
the establishment of the eligible combined plan; and
provided at the top of the form. For purposes of this form, the
• Employ at least 2 employees on the first day of the plan year
short plan year ends on the date of the change in accounting
that the plan is established.
period or the complete distribution of the plan's assets.
Because an eligible combined plan includes both a defined
First Return
benefit plan and a defined contribution plan, the Form 5500-EZ
filed for the plan must include all the information that would be
Check box A(1) if this is the first filing for this plan. Do not check
required for either a defined benefit plan or a defined contribution
this box if you have ever filed for this plan, even if it was a
plan.
different form (for example, Form 5500).
Note. The 2020 Schedule MB (Form 5500) and the 2020
Amended Return
Schedule SB (Form 5500) are available only electronically from
Check box A(2) if you are filing an amended Form 5500-EZ to
the Department of Labor website at www.efast.dol.gov. You can
correct errors and/or omissions in a previously filed annual return
complete the schedules online and print them out for your
for the 2020 plan year. The amended Form 5500-EZ must
records. If you are a Form 5500-EZ filer, do not attempt to
conform to the requirements under the How To File section,
electronically file the Schedule MB or Schedule SB related to your
earlier.
2020 Form 5500-EZ filing.
If you are filing an amendment for a one-participant plan or a
When To File
foreign plan that previously filed electronically using Form 5500-
File the 2020 return for plan years that started in 2020. Form
SF, you must submit the amended return electronically using the
5500-EZ must be filed by the last day of the 7th calendar month
Form 5500-SF with EFAST2 for plan years 2019 or before, or
after the end of the plan year that began in 2020 (not to exceed
using Form 5500-EZ with EFAST2 for plan years beginning after
12 months in length).
2019. If you are filing an amended return for a one-participant
plan or a foreign plan that previously filed on a paper Form 5500-
Note. If the filing due date falls on a Saturday, Sunday, or legal
EZ, you must submit the amended return using the paper Form
holiday, the return may be filed on the next day that is not a
5500-EZ with the IRS.
Saturday, Sunday, or legal holiday.
Short Plan Year
Where To File
Check box A(4) if this form is filed for a period of less than 12
File the paper Form 5500-EZ at the following address:
months. Show the dates at the top of the form.
Department of the Treasury Internal Revenue Service Ogden, UT
For a short plan year, file a return by the last day of the 7th month
84201-0020
following the end of the short plan year. Modify the heading of the
Private delivery services (PDSs). You can use certain private
form to show the beginning and ending dates of your short plan
delivery services designated by the IRS to meet the “timely
year and check box A(4) for a short plan year. If this is also the
mailing as timely filing/paying” rule for tax returns and payments.
first or final return filed for the plan, check the appropriate box
Go to
for the current list of designated services.
IRS.gov/PDS
(box A(1) or A(3)).
The PDS can tell you how to get written proof of the mailing date.
Final Return
Private delivery services use the following address:
All one-participant plans and all foreign plans should file a return
Internal Revenue Submission Processing Center 1973
for their final plan year indicating that all assets have been
Rulon White Blvd.
distributed.
Ogden, UT 84201
Check box A(3) if all assets under the plan(s) (including
Who Must Sign
insurance/annuity contracts) have been distributed to the
participants and beneficiaries or distributed or transferred to
The plan administrator or employer (owner) must sign and date
another plan. The final plan year is the year in which distribution
paper Form 5500-EZ for the 2020 filing.
of all plan assets is completed.
Penalties
Extension of Time To File
Section 6652(e) imposes a penalty of $250 a day (up to a
Check box B if either of the following applies.
maximum penalty of $150,000 per plan year) for not filing returns
1. You are filing a Form 5558, Application for Extension of Time
in connection with pension, profit-sharing, etc., plans by the
To File Certain Employee Plan Returns. (Do not attach Form
required due date.
5558 to your Form 5500-EZ. See below for more information.)
2. You are using an extension based on the extended due date of
your federal income tax return. (See the Note below.)
Instructions for Form 5500-EZ (2020)
-3-
Part II – Basic Plan Information
A one-time extension of time to file Form 5500-EZ (up to 21/2
months) may be obtained by filing Form 5558 on or before the
Line 1a. Enter the formal name of the plan.
normal due date (not including any extensions) of the return. You
Line 1b. Enter the three-digit plan number (PN) that the employer
must file Form 5558 with the IRS.
assigned to the plan. Plans should be numbered consecutively
Approved copies of the Form 5558 will not be returned to the filer.
starting with 001. Once a plan number is used for a plan, it must
A copy of the completed extension request must be retained with
be used as the plan number for all future filings of returns for the
the plan's records.
plan, and this number may not be used for any other plan even
See the instructions for Form 5558 and file it with the Department
after the plan is terminated.
of the Treasury, Internal Revenue Service Center, Ogden, UT
Line 1c. Enter the date the plan first became effective.
84201-0045.
Line 2a. Each row is designed to contain specific information
Note. Line A of the Form 5558 asks for “Name of filer, plan
regarding the employer. Please limit your response to the
administrator, or plan sponsor.” The name of the plan sponsor is
information required in each row as specified below.
generally the same as the employer name for a one-participant
1. Enter in the first row the name of the employer.
plan.
2. Enter in the second row the trade name if different from the
Note. Filers are automatically granted an extension of time to file
name entered in the first row.
Form 5500-EZ until the extended due date of the federal income
3. Enter in the third row the in care of (“C/O”) name.
tax return of the employer (and are not required to file Form 5558)
4. Enter in the fourth row the street address. A post office box
if all of the following conditions are met.
number may be entered if the Post Office does not deliver mail
1. The plan year and the employer's tax year are the same;
to the employer's street address.
5. Enter in the fifth row the name of the city, the two character
2. The employer has been granted an extension of time to file its
abbreviation of the U.S. state or possession and ZIP code.
federal income tax return to a date later than the normal due
date for filing the Form 5500-EZ; and
Note. You can use Form 8822-B, Change of Address or
3. A copy of the application for extension of time to file the federal
Responsible Party — Business, to notify the IRS if you changed
income tax return is retained with the plan's records.
your business mailing address, your business location, or the
Be sure to check box B at the top of the form. An extension
identity of your responsible party.
granted by using this exception cannot be extended further by
Foreign address. For foreign addresses, enter the information in
filing a Form 5558 after the normal due date (without extension)
the order of the city or town, state or province, country, and ZIP or
of Form 5500-EZ.
foreign postal code. Follow the country's practice in placing the
Foreign Plan
postal code in the address. Do not abbreviate the country name.
Check box C if the return is filed by a foreign plan. See Who Must
Line 2b. Enter the employer's nine-digit employer identification
File Form 5500-EZ, earlier.
number (EIN). For example, 00-1234567. Do not enter a social
security number (SSN).
Check Box D only if you are filing a paper Form 5500-EZ with the
IRS for the late filer penalty relief program. The delinquent return
Employers without an EIN must apply for one as soon as
cannot be filed electronically through the EFAST2 System.
possible. EINs are issued by the IRS. You can apply for an EIN:
Late Filer Penalty Relief Program
• Online — Go to the IRS website at
and
IRS.gov/Businesses
click on “Employer ID Numbers.” The EIN is issued immediately
The IRS Late Filer Penalty Relief Program for late annual
once the application information is validated.
reporting for non-Title I retirement plans (one-participant plans
• By mailing or faxing Form SS-4, Application for Employer
and certain foreign plans) provides administrative relief to plan
Identification Number.
administrators and plan sponsors from the penalties otherwise
applicable under sections 6652(e) and 6692 for failing to timely
The online application process is not yet available for plans with addresses
!
comply with the annual reporting requirements imposed under
in foreign countries. Foreign plans may not apply for an EIN online but must
use one of the other methods to apply. However, foreign plans may call
CAUTION
sections 6047(e), 6058, and 6059. Rev. Proc. 2015-32 requires
267-941-1099 (not a toll-free number) to apply for an EIN. For more information, see
that an applicant must submit a complete Form 5500-EZ for the
the Instructions for Form SS-4.
delinquent plan year on paper with the IRS. The IRS delinquent
Line 2c. Enter the employer's telephone number including the
return cannot be filed electronically through EFAST2 System.
area code.
An applicant under the program must print in red letters in the top
Line 2d. Enter the six-digit applicable code that best describes
margin above the Form 5500-EZ’s title on the first page of the
the nature of the plan sponsor's business from the list of principal
return: “Delinquent Return Submitted under Rev. Proc. 2015-32,
business activity codes later in these instructions.
Eligible for Penalty Relief.” A filer who checks box D and submits
Line 3a. Each row is designed to contain specific information
the delinquent 2020 Form 5500-EZ under the program is not
regarding the plan administrator. Please limit your response to the
required to also mark the return as described in Rev. Proc.
information required in each row of boxes as specified below.
2015-32. However, the return must still be marked as described in
Rev. Proc. 2015-32 for delinquent returns for years that have no
1. Enter in the first row the name of the plan administrator unless
box D available. Please be aware that each submission under the
the administrator is the employer identified in line 2a. If this is
program must include a completed paper copy of Form 14704
the case, enter the word “Same” on line 3a and leave the
attached to the front of the oldest delinquent return in the
remainder of line 3a, and all of lines 3b and 3c, blank.
submission. Form 14704 can be found at
www.irs.gov/ pub/irs-
2. Enter in the second row any in care of (“C/O”) name.
pdf/f14704.pdf. See Rev. Proc. 2015-32, 2015-24 1063, for more
3. Enter in the third row the street address. A post office box
information.
number may be entered if the Post Office does not deliver
mail to the administrator's street address.
4. Enter in the fourth row the name of the city, the two-character
abbreviation of the U.S. state or possession and ZIP code.
Instructions for Form 5500-EZ (2020)
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Foreign address. For foreign addresses, enter the information in
Line 5c. Include any individual who terminated employment
the order of the city or town, state or province, country, and ZIP or
during this plan year, whether or not he or she (a) incurred a
foreign postal code. Follow the country's practice in placing the
break in service, (b) received an irrevocable commitment from an
postal code in the address. Do not abbreviate the country name.
insurance company to pay all the benefits to which he or she is
entitled under the plan, and/or (c) received a cash distribution or
Line 3b. Enter the plan administrator's nine-digit EIN. A plan
deemed cash distribution of his or her nonforfeitable accrued
administrator must have an EIN for Form 5500-EZ reporting
benefit.
purposes. If the plan administrator does not have an EIN, apply
Part III – Financial Information
for one as explained in the instructions for line 2b.
Line 3c. Enter the plan administrator's telephone number
Note. The cash, modified cash, or accrual basis accounting
including the area code.
methods may be used for recognition of transactions in Part III, as
long as you use one method consistently. Amounts reported on
Lines 4a–4d. If the employer's name, the employer’s EIN, and/or
lines 6a, 6b, and 6c for the beginning of the plan year must be the
the plan name has changed since the last return was filed for this
same as reported for the end of the plan year on the return for the
plan, enter the employer's name and EIN, the plan name, and the
preceding plan year. Use whole dollars only.
plan number as it appeared on the last return filed for this plan.
Line 6a. “Total plan assets” include rollovers and transfers
Line 5a(1). Enter the total number of participants at the beginning
received from other plans, unrealized gains and losses such as
of the plan year.
appreciation/depreciation in assets. It also includes specific
Line 5a(2). Enter the total number of active participants at the
assets held by the plan at any time during the plan year (for
beginning of the plan year.
example, partnership/joint venture interests, employer real
property, real estate (other than employer real property),
Line 5b(1). Enter the total number of participants at the end of the
employer securities, loans (participant and non-participant loans),
plan year.
and tangible personal property).
Line 5b(2). Enter the total number of active participants at the
Enter the total amount of plan assets at the beginning of the plan
end of the plan year.
year in column (1). Do not include contributions designated for the
“Participant” for purpose of lines 5a(1)–5b(2) means any
2020 plan year in column (1). Enter the total amount of plan
individual who is included in one of the categories below.
assets at the end of the plan year in column (2).
1. Active participants (for example, any individuals who are
Line 6b. Liabilities include but are not limited to benefit claims
currently in employment covered by the plan and who are
payable, operating payables, acquisition indebtedness, and other
earning or retaining credited service under the plan) including:
liabilities. Do not include the value of future distributions that will
• Any individuals who are eligible to elect to have the employer
be made to participants.
make payments under a section 401(k) qualified cash or
Lines 7a and 7b. Enter the total cash contributions received and/
deferred arrangement, and
• Any nonvested individuals who are earning or retaining
or receivable by the plan from employers and participants during
credited service under the plan.
the plan year.
This category does not include (a) nonvested former employees
Line 7c. Enter the amount of all other contributions including
who have incurred the break in service period specified in the
transfers or rollovers received from other plans valued on the date
plan or (b) former employees who have received a “cash-out”
of contribution.
distribution or deemed distribution of their entire nonforfeitable
Part IV – Plan Characteristics
accrued benefit.
2. Retired or separated participants receiving benefits (for
Line 8. Enter all applicable plan characteristics codes that applied
example, individuals who are retired or separated from
during the reporting year from the List of Plan Characteristics
employment covered by the plan and who are receiving
Codes shown later that describe the characteristics of the plan
benefits under the plan). This category does not include any
being reported.
individual to whom an insurance company has made an
Note. In the case of an eligible combined plan under section
irrevocable commitment to pay all the benefits to which the
414(x) and ERISA section 210(e), the codes entered in the boxes
individual is entitled under the plan.
on line 9 must include any codes applicable for either the defined
3. Other retired or separated participants entitled to future
benefit pension features or the defined contribution pension
benefits (for example, any individuals who are retired or
features of the plan.
separated from employment covered by the plan and who are
Part V – Compliance and Funding
entitled to begin receiving benefits under the plan in the future).
Questions
This category does not include any individual to whom an
insurance company has made an irrevocable commitment to
Line 9. You must check “Yes” if the plan had any participant
pay all the benefits to which the individual is entitled under the
loans outstanding at any time during the plan year and enter the
plan.
amount outstanding as of the end of the plan year.
4. Deceased individuals who had one or more beneficiaries who
Enter on this line all loans to participants, including residential
are receiving or are entitled to receive benefits under the plan.
mortgage loans that are subject to section 72(p). Include the sum
This category does not include any individual to whom an
of the value of the unpaid principal balances, plus accrued but
insurance company has made an irrevocable commitment to
unpaid interest, if any, for participant loans made under an
pay all the benefits to which the beneficiaries of that individual
individual account plan with investment experience segregated for
are entitled under the plan.
each account made in accordance with 29 CFR 2550.408b-1 and
which are secured solely by a portion of the participant's vested
accrued benefit. When applicable, combine this amount with the
current value of any other participant loans. Do not include a
participant loan that has been deemed distributed.
Instructions for Form 5500-EZ (2020)
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