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September 22, 2010 By Mark Schulte 2 Comments

Form 8955-SSA Update

The IRS/SSA Reporter newsletter (Fall 2010, page 2) provides some preliminary details regarding the new Form 8955-SSA which will be used by employer-sponsored retirement plans to report participants with deferred vested benefits. This new filing is effective for 2009 plan years and replaces the Form 5500 Schedule SSA. Some highlights from the newsletter:

  • There will be a special deadline for the 2009 plan year 8955-SSA filing, likely sometime in 2011.
  • The special deadline for the 2009 8955-SSA does not affect the regular 2009 Form 5500 filing deadlines.
  • The 8955-SSA can be filed either on paper with the Department of the Treasury, or electronically.
  • Electronic filings will use the IRS FIRE (Filing Information Returns Electronically) filing system. Note that this is NOT the same as the EFAST2 system used to file the Form 5500 electronically. The 8955-SSA will contain personal information for pension plan participants, and plan sponsors should be aware that anything filed through EFAST2 is published as a public disclosure on the internet.

Of course, plan sponsors should stay tuned as more information is released regarding the 2009 8955-SSA filing requirements.

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Filed Under: Defined benefit plans, Private pensions Tagged With: pension, pension plan

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  1. IRS Unveils Details of New Form 8955-SSA « The VIA retirement plan blog says:
    March 4, 2011 at 4:30 pm

    […] mentioned in our earlier post on the 8955-SSA, this annual filing replaces the former Form 5500 Schedule SSA. In general, plan sponsors filed […]

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  2. IRS Lifts the Veil on New Form 8955-SSA « The VIA retirement plan blog says:
    May 9, 2011 at 4:43 pm

    […] a draft version of the new Form 8955-SSA. We’ve been reporting in previous posts about the new Form 8955-SSA filing requirements and additional details provided by the IRS. Now, they’ve lifted the veil on what the form will […]

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