Most organizations that offer employee retirement and welfare benefit plans are required to file a Form 5500 each year—a time-consuming, highly specialized task that internal HR staff often lacks the time or expertise to complete. And penalties can be steep—$1,100 each day a filing is late.

Hewitt's Form 5500 Preparation service is provided by a dedicated team of experts who offer a high degree of knowledge and commitment to timely, consistent, and accurate filings. 

With Hewitt's Form 5500 Preparation, you get:

• Signature-ready Forms 5500 and all related attachments for defined benefit, defined contribution, and health and welfare plans (except audited financials)
• Summary Annual Reports for each plan, including an electronic version
• Extension preparation (Form 5558)
• Filing guidance to minimize penalties for delinquent filings in accordance with the Delinquent Filer Voluntary Compliance Program
• Management of data collection from multiple sources
• Response on your behalf to Internal Revenue Service or Department of Labor inquiries for prepared filings
• Expert consulting to ensure accurate and complete filings

We serve hundreds of clients with thousands of filings each year, giving us the exposure and experience to deal with a wide range of unique situations. Our breadth of knowledge also reduces the time your staff spends gathering data for filings—which further boosts the efficiency and cost effectiveness of this resource-intensive task.

To learn more about Hewitt Form 5500 Preparation and how your company can benefit, contact your local Hewitt consultant or e-mail peoplesolutions@hewitt.com.