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.