Do you have a Pension Plan? If so, you may need to file an IRS Form 8955-SSA

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If you file a Form 5500, you should be aware of the following regulations
Separated participants with deferred vested benefits are required to be reported on Form 8955-SSA

  • The IRS filing is due 7 months after the plan year-end. For example, if you have a 12/31/11 year end, it will be due by 7/31/12
  • Should you need more time to file, there is an allowable 3 ½ months extension that can be filed in conjunction with the IRS Form 5500 on the IRS Form 5558

Now is the time to review your plan or discuss with your Third Party Administrator (TPA) to determine if the filing is required and to ensure that it is filed or extended within the seven months after the year-end deadline.
Ensuring your company stays in compliance with the ever-changing regulations around employee benefits is more complex and time consuming than ever before. Understanding when and how to implement the best methods, with minimal impact to your team, can be complicated and require a considerable time commitment on your end. Alexander, Aronson, Finning & Co., P.C. has been providing employee benefit plan audits for over 20 years. For more information, please e-mail our professionals by clicking on the “Contact AAF” button to the right or call us directly at 508-366-9100.