(a) General. (1) Under the authority of section 104(a)(2)(A), the
Secretary of Labor may prescribe simplified annual reporting for
employee pension benefit plans with fewer than 100 participants.
(2) Under the authority of section 104(a)(3), the Secretary of Labor
may provide a limited exemption for any employee welfare benefit plan
with respect to certain annual reporting requirements.
(b) Application. The administrator of an employee pension or welfare
benefit plan which covers fewer than 100 participants at the beginning
of the plan year and the administrator of an employee pension or welfare
benefit plan described in Sec. 2520.103-1(d) may file the simplified
annual report described in paragraph (c) of this section in lieu of the
annual report described in Sec. 2520.103-1(b).
(c) Contents. The administrator of an employee pension or welfare
benefit plan described in paragraph (b) of this section shall file, in
the manner prescribed in Sec. 2520.104a-5, a completed Form 5500
``Annual Return/Report of Employee Benefit Plan,'' including any
required schedules or statements prescribed by the instructions to the
form, and, unless waived by Sec. 2520.104-46, a report of an
independent qualified public
[[Page 422]]
accountant meeting the requirements of Sec. 2520.103-1(b).
[43 FR 10150, Mar. 10, 1978, as amended at 45 FR 51446, Aug. 1, 1980; 54
FR 8629, Mar. 1, 1989; 65 FR 21084, Apr. 19, 2000; 65 FR 62973, Oct. 19,
2000] 
