Announcements

May 31, 2024

Form 5500 reminder for profit-sharing and money purchase pension plan sponsors

We’ve posted a Form 5500 reminder on capitalgroup.com for plan sponsors of profit-sharing or money purchase pension plans using the Capital Bank and Trust Company (CB&T) prototype plan document. The reminder includes a table that can help sponsors determine which of the three forms in the 5500 series to file.

If a plan is required to file an annual return of the Form 5500 series, the sponsor or designated plan administrator must prepare and submit the form. CB&T serves as the plan’s trustee and is not the plan administrator.

The applicable 5500 form must be filed by the last day of the seventh calendar month after the end of the plan year. Failure to do so may result in an Internal Revenue Service (IRS) penalty. A one-time extension of up to 2½ months may be obtained by filing Form 5558 on or before the normal deadline (not including extensions).

For more information, sponsors may contact their tax advisor or local IRS office. They can also visit irs.gov and dol.gov.

Other American Funds retirement plans

PlanPremier®-Bundled

American Funds will prepare Form 5500 and required schedules and provide instructions for the sponsor to file electronically.

 

PlanPremier-TPA®

The plan's TPA is responsible for preparing From 5500.

 

RecordkeeperDirect®

The plan's TPA is responsible for preparing From 5500.

 

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