This isn't really an error. It is letting you know that the file that you are trying to upload exceeded the allowed limit. I have checked your site and it looks like the limit set under the ACL for the "Event and community profile" was set to 5mb,
http://take.ms/hBFAN
If you want to allow larger file uploads from your users, you can increase this value up to 128MB (Your current server is limiting upload limits to 128mb)