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Written by:

Sharon H


Date added:

July 12, 2013








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2 / 418


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A contract is not a legal plan document in the eyes of the government. In order for a company to have a retirement plan that complies with the ERISA laws (Employee Retirement Income Security Act), the IRS (Internal Revenue Service), and the DOL (Department of Labor) a Trust Identification Number must be established, tax form 5500 must be filed with the IRS, and a plan document must be signed...
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The Trust Identification Number is identical to a Social Security Number; it is how the IRS recognizes the plan document. The tax form 5500, allows the IRS to see the number of assets the plan has, how many distributions were made in the plan year, and the gains and/or losses that were applied to the assets...
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