Form 5500 Filing Simplification Act
A bill to amend the Employment Retirement Income Security Act of 1974 to simplify the filing of Form 5500 for employee benefit plan administrators.
The bill proposes changes to the Employment Retirement Income Security Act of 1974 (ERISA) to make it easier for those managing employee benefit plans to complete Form 5500. This form is used to report information about retirement and health plans to the government. If passed, these changes aim to reduce the complexity and burden on administrators of these benefit plans.
This bill would primarily affect employee benefit plan administrators, including those managing retirement, health, and other welfare benefit plans. By simplifying the filing process, it is expected to save time and resources, potentially lowering administrative costs for these plans.
As of July 13, 2026, the bill has been introduced and referred to the Senate Committee on Health, Education, Labor, and Pensions. This marks the beginning of its journey through the legislative process, where it will undergo further review, potential amendments, and votes before it can become law.
