Form 8905

[retbenser]

Question: What is the advantage of filing Form 8905? That is, is there any advantage of a 6-year RAP vs 5-year RAP other than the 1-year delay of paperwork?

Thanks for all responses.

[Kevin C]

I don't really understand your question. Form 8905 is used by a plan sponsor with an individually designed plan to become eligible for the 6 year pre-approved document cycle as an intended adopter under Rev. Proc 2007-44, Section 17.04. They have to sign the Form 8905 before the end of their current 5 year cycle and adopt a pre-approved document before the end of the current 6 year cycle. If they are not at least considering changing from individually designed to a pre-approved document, I don't see that Form 8905 will help you.