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Congress·In Committee·26 days ago

Retirement and Benefit Plans: Filing Deadline Extension

Also known as: Form 5500 Filing Simplification Act

Legislative Progress

✓ Filed
Review
House
Senate
President

Key Points

  • This bill, introduced by Congress, changes the rules for how companies report information about their employee benefit plans, such as 401(k)s and health insurance. It gives plan managers more time to file their annual paperwork and allows them to sign documents electronically.
  • Currently, the deadline for these reports is about seven months after the year ends. This bill moves that deadline to about nine and a half months after the year ends, giving businesses more breathing room to gather data and ensure their reports are accurate.
  • The proposal also modernizes the process by requiring government agencies to accept digital signatures. This removes the need for physical paperwork and makes it easier for plan administrators to submit their information through the internet.
  • If a business is hit by a disaster, such as a fire or a flood, the bill gives the government the authority to push the filing deadline back even further. This helps ensure that companies facing emergencies aren't penalized for late paperwork.

Milestones

2 milestones2 actions
Feb 4, 2026House

Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Feb 4, 2026

Introduced in House

Source Information

Document Type

Congressional Bill

Official Title

Form 5500 Filing Simplification Act

Bill NumberHR 7362
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsor

Cosponsors

(8)
D: 1R: 7

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.