I have been a client of SOMI for almost 14 years. During that time, I never failed to be impressed with their resourcefulness and ability to help us solve what seemed to be intractable problems. Their service orientation is unsurpassed.
 Vice President of Human Resources & Administration

Form 5500 Preparation

Any welfare benefit plan that covers 100 or more participants at the beginning of a plan year must file Form 5500 each year, whether it is funded or unfunded.

In addition, any funded plan welfare benefit plan with fewer than 100 participants at the beginning of the plan year must file an annual Form 5500.  The Annual Form 5500 is due by the last day of the seventh month following the end of the plan year.

An Employee Welfare Benefit Plan includes a plan established to provide participants and their beneficiaries, through the purchase of insurance or otherwise:

  • medical, surgical or hospital care benefits, including medical flexible spending accounts
  • dental benefits
  • disability benefits
  • life insurance benefits
  • certain other employee benefit plans including, but not limited to, daycare centers and pre-paid legal services


SOMI provides Form 5500 preparation services for your review and signature, including:

  • Computer printed, signature ready, forms using IRS EFAST approved software
  • Computer printed Schedule A, C, D, G, H, I, P, as applicable, using data provided by carriers, plan sponsors and other service providers
  • Summary Annual Report (SAR) for distribution to participants by Plan Administrator


The requirement to file for a Fringe Benefit Plan (6039(D) has been suspended by the IRS until further notice.