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Form 8955-SSA Filing Due Date Extended

As we reported in our May 2011 article, the Internal Revenue Service (“IRS”) has replaced Schedule SSA to the Form 5500 with a new Form 8955-SSA (“Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits”), beginning with the 2009 plan year.  The IRS has now released the 2009 Form 8955-SSA.  It has also extended the August 1, 2011, deadline for the 2009 and 2010 filings.

The new due date for filing both the 2009 and 2010 Form 8955-SSA is the later of:

  • (i) the due date that would otherwise apply to the 2010 Form 8955-SSA; or
  • (ii) January 17, 2012.

The January 17, 2012, deadline cannot be extended by filing Form 5558.  Plan administrators may file a single Form 8955-SSA covering both the 2009 and 2010 reportable employees.  In that case, the 2010 reportable employees will be treated as reported in 2009.

Form 8955-SSA can be submitted to the IRS on paper or filed electronically using third-party software and the IRS’ Filing Information Returns Electronically (“FIRE”) system.  Plan administrators may obtain more information about the Form 8955-SSA on the Form 8955-SSA Resources page at www.IRS.gov.