The so-called Form 5500 modernization is seen as an opportunity for the incoming Trump Administration to make good on one of its campaign promises to the delight of employee benefit practitioners across the industry.

“Even though the revised forms wouldn’t be used until the 2019 plan year, if Trump keeps his position on reducing regulatory burdens, this would be a good set of proposed regulations for the administration to focus on eliminating,” observes Kirsten Stewart, a member of Sherman & Howard’s employee benefits group.

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