2003 Tax Help Archives  
Instructions for Form 5500 2003 Tax Year

Instructions for Form 5500 - Notices

This is archived information that pertains only to the 2003 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Table of Contents

OMB Control Numbers
Agency OMB Number Agency OMB Number
Employee Benefits Security Administration 1210–0110 Pension Benefit Guaranty Corporation 1212–0057
  1210–0089 Social Security Administration 0960–0606
Internal Revenue Service 1545–1610    

Paperwork Reduction Act Notice

We ask for the information on this form to carry out the law as specified in ERISA and Code sections 6047(e), 6057(b), and 6058(a). You are required to give us the information. We need it to determine whether the plan is operating according to the law.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books and records relating to a form or its instructions must be retained as long as their contents may become material in the administration of the Internal Revenue Code or are required to be maintained pursuant to Title I or IV of ERISA. Generally, the Form 5500 return/reports are open to public inspection. However, Schedules E and SSA (Form 5500) are confidential, as required by Code section 6103.

The time needed to complete and file the forms listed below reflects the combined requirements of the Internal Revenue Service, Department of Labor, Pension Benefit Guaranty Corporation, and the Social Security Administration. These times will vary depending on individual circumstances. The estimated average times are:

           
  Pension Plans Welfare Plans  
  Large Small Large Small  
Form 5500 1 hr., 44 min. 1 hr., 6 min. 1 hr., 38 min. 1 hr., 5 min.  
Schedule A 1 hr., 41 min. 53 min. 8 hr., 10 min. 2 hr., 11 min.  
Schedule B 6 hr. 31 min.      
Schedule C 1 hr., 17 min.   52 min.    
Schedule D 10 hr. 10 hr.      
Schedule E 3 hr., 18 min. 3 hr., 18 min.      
Schedule G 11 hr., 58 min.   6 hr., 28 min.    
Schedule H 7 hr., 56 min.   3 hr., 22 min.    
Schedule I   1 hr., 28 min.   1 hr., 28 min.  
Schedule P 13 min. 2 min.      
Schedule R 1 hr. 30 min.      
Schedule SSA 6 hr., 10 min. 1 hr., 42 min.      
Schedule T 4 hr., 40 min. 37 min.      

If you have comments concerning the accuracy of these time estimates or suggestions for making these forms simpler, we would be happy to hear from you. You can write to the Tax Products Coordinating Committee, Western Area Distribution Center, Rancho Cordova, CA 95743–0001. Do not send any of these forms or schedules to this address. Instead, see Where To File on page 5.

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