5500Tax Group

What 5500Tax Group does

5500Tax Group is a U.S. private professional services firm founded in 2006 that specializes exclusively in employee benefit plan tax compliance and regulatory filings for plan sponsors and the professional advisors who serve them. Its core offering is Form 5500 preparation and electronic filing via EFAST2, supported by Form 720 (PCORI fees), Form 8955-SSA (deferred vested benefits), Form M-1 (MEWA), Form 990/990-T (exempt organizations), Form 5330 (excise taxes), ERISA Wrap Document preparation, and Non-Discrimination Testing for cafeteria plans. The firm is co-led by three partners — Amy Boyd, Ann Myers, and Cynthia Whitacre — each a former Ernst & Young Senior Manager (in some cases, practice leader) with combined experience exceeding 100 years and credentials as CPAs and/or Certified Employee Benefits Specialists.

The firm operates from three regional offices in Nipomo, CA; North Huntingdon (Pittsburgh), PA; and Greenville, SC, providing nationwide coverage to plan sponsors, third-party administrators, insurance brokers, ERISA attorneys, accountants, actuaries, and retirement plan managers. There is no proprietary technology platform; delivery is partner-led, performed by CPA/CEBS-credentialed staff, and priced on a quote-based professional services engagement model. Marketing is primarily content-based (educational articles on DOL, IRS, ERISA, and ACA topics) with bottom-of-funnel conversion occurring through direct partner contact, supplemented by referrals from the professional advisor community.

The firm is independently owned by its three founding partners, with no external investment, parent company, or institutional ownership on record, and no disclosed revenue, headcount growth, or funding rounds. The firm holds WBENC Women's Business Enterprise certification and operates as a Certified WBENC-certified small business, positioning it for corporate and government supplier-diversity spend in this niche.

Name

5500Tax Group

Legal name

5500Tax Group Inc.

Website

https://5500tax.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

5500Tax Group is a U.S. private professional services firm specializing in employee benefit plan tax compliance and Form 5500 filings, serving plan sponsors, TPAs, accountants, ERISA attorneys, and insurance brokers nationwide through three regional offices.

Ownership category

akta.pro rank

Product category

Employee Benefit Tax Compliance Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Offices of Certified Public Accountants (541211)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Tax Services (Withholding, Reclaims, FATCA/CRS) (FSAAAOAM)

akta.pro secondary industry

Tax & Financial Document Preparation Organization (Non-Advisory) (HSAFAEAG)

Keywords

• Employee benefit tax compliance
• Form 5500 preparation
• ERISA compliance services
• Retirement plan filings
• Welfare benefit plan reporting

Headquarters

HQ city

Irwin

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Tax Form Preparation Services: 5500Tax Group generates revenue through professional services fees for preparing and filing employee benefit plan tax forms including Form 5500, Form 720 (PCORI fees), Form 8955-SSA, Form M-1, Form 990, Form 990-T, Form 5330, as well as ERISA Wrap Document Services and Non-Discrimination Testing Services for cafeteria plans.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

5500Tax Group is a professional services firm that prepares and files employee benefit plan tax and compliance forms on behalf of plan sponsors and benefits professionals. The firm's primary offering is Form 5500 preparation and electronic filing via EFAST2, complemented by related form preparation services (Form 720 PCORI fees, Form 8955-SSA, Form M-1, Form 990, Form 990-T, Form 5330), ERISA Wrap Document services, and Non-Discrimination Testing for cafeteria plans. All work is prepared or reviewed by credentialed CPAs and Certified Employee Benefits Specialists (CEBS).

Product overview

5500Tax Group offers a comprehensive suite of employee benefit plan tax compliance and filing services centered around Form 5500 preparation and related regulatory filings. The core product portfolio includes Form 5500 Preparation Services (the primary annual ERISA filing for employee benefit plans), supported by specialized tax form preparation services including Form 720 (PCORI fees), Form 8955-SSA (deferred vested benefits), Form M-1 (MEWA filings), Form 990 and 990-T (exempt organization returns), and Form 5330 (excise taxes). Add-on compliance services include ERISA Wrap Document Services (consolidating multiple benefit plans under one document to streamline administration and reduce filing requirements) and Non-Discrimination Testing Services for cafeteria plans under IRC Section 125. All work is prepared or reviewed by CPAs and Certified Employee Benefits Specialists (CEBS).

Differentiator

Problem solved

Functional benefit

Products and services

• Form 5500 Preparation Services

Quantifiable outcome

• Helped resolve IRS penalties of approximately $200,000 for delinquent Form 5500 filings

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Empower: Large retirement plan services provider (formerly Great-West) offering recordkeeping, compliance, and Form 5500 filing support across thousands of employer-sponsored plans — overlapping capability at much greater scale.
• ADP: Largest payroll and benefits administration provider, offering integrated benefits compliance, retirement plan filing support, and HR services that increasingly absorb tasks historically outsourced to specialist firms like 5500Tax.
• Ascensus: Major retirement services and third-party administrator with comprehensive Form 5500 and compliance support for employer-sponsored plans — a scaled player in the same compliance niche.
• Willis Towers Watson (WTW): Global advisory, broking, and solutions firm with extensive retirement and benefits practices providing compliance, actuarial, and Form 5500-related services to enterprise plan sponsors — broad incumbent peer.
• Aon: Global professional services firm (via Aon Retirement and Aon Health) offering employee benefit compliance, retirement plan advisory, and Form 5500 support to large plan sponsors — broad incumbent with overlapping services.
• Wolters Kluwer: Global provider of tax compliance and regulatory software (CCH) used by CPAs and tax professionals for Form 5500 preparation and broader employee benefit compliance — an established incumbent with overlapping capability.

Direct peers

• SageView Advisory: Retirement plan and corporate benefit consulting firm providing plan design, compliance, and Form 5500-related services to mid-market and enterprise plan sponsors — directly comparable service model and target customer.
• Milliman: Global actuarial and benefits consulting firm with deep employee benefit plan compliance, Form 5500 support, and retirement/welfare plan advisory practices serving plan sponsors and TPAs — directly comparable to 5500Tax's benefit compliance focus.
• BeneSys: Third-party administrator specializing in employee benefit plan administration, compliance, and Form 5500 filings for multi-employer and welfare plans — closely comparable specialization and client base.
• CAPTRUST: Large independent retirement plan advisory firm that supports plan sponsors with Form 5500 filings, compliance testing, and plan documentation — closely overlapping with 5500Tax's enterprise client base and service scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 5500Tax Group