Penalty For Late Filing Form 5500 - But once you file late (or do not file at all), you'll learn just how painful penalties can be. They can go up to $150,000 per form (form 5500 and. For returns required to be filed after. Keep in mind that the department of labor has the authority to impose a $2,233 penalty per day for failure or refusal to file a form.
But once you file late (or do not file at all), you'll learn just how painful penalties can be. They can go up to $150,000 per form (form 5500 and. For returns required to be filed after. Keep in mind that the department of labor has the authority to impose a $2,233 penalty per day for failure or refusal to file a form.