Form 1099R

[Gary]

There is an item for Payer's name, address and federal ID number.

It appears to me that for distributions from a pension plan the payer should be the name of the pension plan, address of the plan sponsor and the ID number of the pension trust.

Does this make sense or should it be the employer or something else?

Thanks.

[JanetM]

It could be the bank/trust company/fund that issues the payment as agent for the plan. That is how ours are done. Trust company EIN and address are given as payer.

[Bird]

It could be the bank/trust company/fund that issues the payment as agent for the plan. That is how ours are done. Trust company EIN and address are given as payer.

True, but wouldn't they be doing the 1099-R then?

If there is such an agreement with a financial institution, then their name, ID, etc is used. If not it is the plan itself.

[AndyH]

No, the name of the Trust, not the name of the Plan, should be listed as payer, if there are separate names. Except, that is, in the situation that Janet describes, but Bird swished a three pointer in that situation.