Schedules P & SSA removed from 5500 for 2006?

[Guest RJMOB]

News release from CCH this week stated, in part ......."As a result, under the (electronic filing) proposal, Schedules E (ESOP Annual Information), P (Annual Return of Fiduciary of Employee Benefit Trust), and SSA (Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits) would no longer be required to be filed as part of Form 5500. Also, the IRS has independently eliminated the Schedule P from the 2006 Form 5500 in anticipation of a move to a wholly electronic filing environment."

The Schedule P was discussed pretty well in another thread this week.

http://benefitslink.com/boards/index.php?s...32718&st=15

Does anyone have any thoughts as to how a plan sponsor and/or the trustee will insure the Statute of Limitations will be triggered annually if the "P" is no longer a part of the plan filing?

[Leopurrd]

Actually, I don't think the SSA was removed yet, it will be when electronic filing is required (2008 forms and up).

There's a prior post on this you can see as well, but ASPPA released an ASAP stating that the IRS has claimed the form 5500 filing itself will start the statute.

Vicki