Changes Proposed to Form 5500 to Implement SECURE Act Rules
On Sept. 14, 2021, federal agencies announced proposed revisions to the Form 5500 Annual Return/Report. These changes are designed primarily to implement the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and to make other improvements. Timing of Proposed Changes: Nov. 1, 2021 - Public comments on the proposed changes are due. Jan. 1, 2022 - If adopted, the proposed changes generally would be effective for plan years beginning on or after Jan.