Fiduciary & Compliance Services
Form 5500 Preparation Service
The resources needed to accurately and timely meet complex
Form 5500 filing requirements are causing some institutions to
consider outsourcing. TIAA-CREF can assist.
Enjoy a smoother filing season
Combined with the financial reporting and audit assistance you get as a TIAA-CREF client,
our Form 5500 Preparation Service – offered in collaboration with Deloitte Tax LLP –
increases your efficiency and minimizes your risk in meeting Form 5500 and related
reporting obligations:
WW Preparation
WW Automatic
WW Summary
of Forms 5500 / 5500-SF and Form 8955-SSA with all applicable schedules
completion and filing of Form 5558 extensions
Annual Report (SAR) Preparation
WW Assistance
with electronic filing of Form 5500 and Form 8955-SSA
WW Aggregation
of multiple service providers’ data onto Form 5500 and appropriate
schedules (if applicable)
Deloitte Tax: Providing trusted teamwork
Deloitte Tax has been assisting plan sponsors in Form 5500 preparation since the
inception of the regulatory reporting requirements more than 35 years ago. Along with
deep regulatory reporting and client service experience, they offer proven processes and
secure technology tools to accurately prepare your plan’s Form 5500 and facilitate your
DOL submission.
An average of 95%* of clients surveyed by Deloitte Tax over the past
three years reported satisfaction with this service.
Ongoing compliance assistance
Advanced technology capabilities
Experienced Deloitte Tax professionals work
with you to address ongoing compliance
with complex regulatory requirements:
Automatic upload of TIAA-CREF recordkept
data and a suite of advanced technology
tools help to efficiently aggregate
information and support end-to-end
Form 5500 tracking:
WW Reconciliation
of Form 5500 to audited
financial statements
WW IRS/DOL
WW Efiling
audit risk assessment
instruction and support
WW Easy-to-use
web-based data gathering
tools
WW Real-time
processing status
WW Automated
reminders
The high cost of
noncompliance
DOL penalties for late,
incomplete or inaccurate
filings can be as much as
$1,100 per day, up to
$50,000 each year.
WW This
penalty applies to
each benefit plan
WW Each
plan penalty is
cumulative, with no
statute of limitations
Collaborative client service professionals provide step-by-step guidance and support
Your Deloitte Tax Relationship Manager provides clear direction on what you need to do:
WW Dedicated
support and issue resolution throughout the process
WW Assistance
with data gathering
WW Comprehensive
communication and education
Proven 5-stage Form 5500 process
#1 Getting Started
#2 Information Gathering
#3 Preparation and Review
#4 Sign and File
You:
You:
Deloitte:
You:
WW assign internal
WW use Deloitte’s streamlined
WW prepares and reviews forms
WW obtain final audit report
responsibilities and set up
timeline
WW advise Deloitte of primary
contact
WW schedule audit
WW obtain filing signer
credentials
data gathering tools to
submit data
WW provide audited financial
statements
WW reconciles data to your audit
WW efile Form 5500 with DOL
report
WW prepares 5558 extension
WW delivers draft forms
electronically
WW paper or efile Form 8955-
Deloitte:
WW relationship manager
initiates service and
provides user guide and
access to technology tools
Deloitte:
WW provides support for data
submission
WW provides real-time status
updates
WW notifies you of missing or
incomplete data
SSA with the IRS
WW monitor and confirm
successful filing
You:
Deloitte:
WW review draft forms
WW provides final forms and SAR
to you electronically
#5 Final Tasks
You:
TIAA-CREF
WW distribute the SAR
WW transmits recordkept data to
WW store Form 5500 credentials
Deloitte
WW complete Form 5500
satisfaction survey
WW retain signed copies
Getting started
You may sign up no later than 3½ months after your plan year-end. Contact your
Relationship Manager for pricing and an implementation package. If your
organization is served exclusively by the Administrative Telephone Center, call our
representatives at 888 842-7782.
TIAA-CREF offers a full suite of
retirement plan services to
help you streamline plan
management, reduce costs
and compliance risks, and
encourage retirement savings.
Whether you use all of our
services — or select just those
that meet your specific needs
— we work with you and seek
to deliver positive outcomes
for your organization and
your employees.
*TIAA-CREF clients surveyed by Deloitte Tax LLP regarding overall satisfaction level with Deloitte’s Form 5500 preparation
services for 2009, 2010 and 2011 plan years.
TIAA (Teachers Insurance and Annuity Association), New York, NY. TIAA-CREF Individual & Institutional Services, LLC, and
Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.
© 2013 Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), 730 Third Avenue,
New York, NY 10017
C8876
For Institutional Investor Use Only. Not For Distribution To The General Public.
162122_296609 (03/13)