WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration, the IRS and the Pension Benefit Guaranty Corporation today released informational copies of the 2021 Form 5500 Annual Return/Report and related instructions – including the Form 5500-SF. The IRS also released the 2021 Form 5500-EZ and instructions, which are posted on the EBSA website. Pension and welfare benefit plans required to file an annual return/report regarding their financial conditions, investments and operations generally satisfy that requirement by filing the appropriate Form 5500 form, including any required schedules and attachments, under the all-electronic EFAST2 system.

The Changes to Note section of the 2021 instructions for each of the forms highlights important modifications to the forms, schedules and instructions. The Changes to Note for the Form 5500 and Form 5500-SF are summarized below:

• Defined Contribution Multiple-Employer Pension Plans: The instructions have been revised to implement an amendment to ERISA section 103(g) in the Setting Every Community Up for Retirement Enhancement Act of 2019 by requiring multiple-employer defined contribution pension plans to report aggregate account balance information by employer on the existing Form 5500/Form 5500-SF attachment for reporting participating employer information.
• Pooled Employer Plans: In light of the SECURE Act authorization for pooled employer plans to begin operating in 2021, the Form 5500 instructions...

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