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Forms 5500 and 8955-SSA for 403(b) Plans - A two-part program
Presentor: Derrin Watson, J.D., APM Recorded Date: 6/14/2012 Duration: 200 Min.


This program was recorded during live presentations on June 14-15, 2012.

403(b) plans had it easy on Forms 5500 and 8955-SSA for so long, but not any longer. Now 403(b) plans which must file Form 5500 must file a full return, the same as a 401(k) plan. For a large plan, this will include the new Schedule C and Schedule H, as well as an audit. Of course, 403(b) plans can’t use Form 5500-EZ, and all 403(b) filing is under the new electronic system of EFAST2. ERISA 403(b) plans also now have to file a Form 8955-SSA.

The DOL has issued several pieces of guidance relating to 403(b) plans and their filing obligations under the new system. They have also expressed their interest in taking a close look at the Forms 5500 403(b) plans have filed. There’s so much that’s so new, and it’s all happening at once.

This two-part Web seminar will take a detailed look at Form 5500 for 403(b) plans, as well as the Form 8955-SSA. A concentrated focus on the 403(b) market will give you the information and insight you need to be able to handle the new system and answer your questions on these challenging requirements.

Topics include:

  • 403(b) plans exempt from filing.
    • Governmental.
    • Church.
    • Deferral-only.
      • Safe harbor regulation.
      • 2007 guidance.
      • 2010 guidance.
  • Exclusion for pre-2009 assets.
    • Original guidance.
    • 2010 clarifications.
    • Frozen plans.
  • Large or small plans.
  • EFAST2 electronic filing.
    • Who will sign.
    • Getting credentials.
    • EFAST2 return processing.
    • Amended returns.
  • 5500-SF for small 403(b) plans.
    • Participant count under universal availability.
    • 403(b) specific codes.
    • New compliance questions.
    • Alternative: Form 5500 with Schedules A, D, I, and R.
  • Full 5500 for large plans.
    • Funding questions.
    • Schedule A.
    • Introduction to Schedule C.
    • Schedule D for DFEs.
    • Schedule H and audit.
    • Schedule G for prohibited transactions.
    • Schedule R for distributions.
  • Filing deadlines and extensions.
  • Form 8955-SSA.
    • Who to report.
    • Who not to report.
    • Completing the form.
    • Individual statement.
    • Extensions.
  • Schedule R for distributions.
  • Late filing/Delinquent filer program.

Prerequisites: There are no prerequisites or other advanced preparation for this program. The instructor will assume attendees have some familiarity with the operation of 403(b) plans.

Level: Overview.

Instructional Delivery Method:
Recorded playback of a live presentation. 

Speaker – S. Derrin Watson, J.D., APM
Recipient of ASPPA's 2006 Educator of the Year Award

Objectives: After attending this program, attendees should be able to:

  1. Determine if a 403(b) plan must file Form 5500.
  2. Determine if the plan is eligible to file Form 5500-SF.
  3. Determine which schedules will need to be included.
  4. Handle filings under EFAST2.
  5. Properly complete Form 5500-SF for a small 403(b) plan.
  6. Properly complete Form 5500 for a large 403(b) plan.
  7. Obtain an extension to file 5500 series forms.
  8. Properly complete Form 8955-SSA.
  9. Use the DOL’s delinquent filer program.

Hardware System Requirements:

  • Windows 95, 98, NT 4.0, 2000, XP, Windows 7
  • Internet Explorer 4.01 or later, Netscape 4.08 or later, and set Internet browser to allow pop-up windows.
  • High-speed Internet connection.
  • Pentium 166+ MHz, 128MB RAM or more.
  • 1023 x 768 or higher display resolution.
  • Soundcard and Speakers.

Software Requirements:

Recorded Event Time Limitation:
This recorded event will be available for 20 days from your date of registration.

Program related requests, questions, or concerns may be emailed to: