Small plans may file the Form 5500 or the Form _______.

Small plans have the option to file either Form 5500 or Form 5500-SF. The Form 5500-SF, or Short Form, is specifically designed for small pension and welfare plans, allowing for a simplified filing process. The requirements for filing this form make it more accessible for smaller plans, streamlining the compliance process while still meeting regulatory obligations.

By providing a way for small plans to fulfill their reporting responsibilities with less complexity, Form 5500-SF helps entities save time and resources. In contrast, Form 5500 is more comprehensive and is generally used for larger plans.