Fulcrum Partners is sharing this reminder from the team at IslerDare PC regarding the electronic filing of top-hat submissions. The August 2019 issue of Employees Benefits Update includes the following information:
“Top-hat plans, which are unfunded plans that allow a select group of highly-compensated employees to defer compensation, must file a letter with the Department of Labor within 120 days of their original effective date in order to be exempt from the Form 5500 annual reporting requirements.
As of June 17, 2019, top-hat plan statements must be filed electronically through the Department of Labor’s Employee Benefit Security Administration website (available at dol.gov/agencies/ebsa). Statements sent by mail or personal delivery will no longer be accepted.”
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