Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Compliance Analyst (Administrator)


RPA logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

ASPPA Advocacy Effort Succeeds -- IRS Delays New Form 5500 Questions
American Society of Pension Professionals & Actuaries [ASPPA]Link to more items from this source
Dec. 4, 2015
"The final version of the 2015 Form 5500 was released on Dec. 3 and, in a victory for [the ASPPA Government Affairs Committee (GAC)], the new IRS compliance questions were made optional (at least for the 2015 plan year).... [T]he IRS had proposed a number of new questions be added to the Form 5500 for the 2015 filing year.... [After filing comment letters with both IRS and OMB,] a face to face meeting was held with OMB on July 14 in which ASPPA GAC once again requested a delay in the effective date to reduce the costs of compliance by giving service providers more time to update systems.... [T]he assumption is that OMB considered ASPPA GAC's comments and ultimately came to the conclusion that we were right; that is, there was no pressing reason to add these new questions in such a rushed fashion."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.