Employee Benefits-IRS Extends Filing Due Date For New Form 8955-SSA

According to an Employee Plans Bulletin issued by the IRS on June 21, the filing due date for the 2009 and 2010 Form 8955-SSA, Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits, has been extended. The Bulletin states that the new due date will be the later of: (1) January 17, 2012 and (2) the due date that would have applied, without this extension, for filing the Form 8955-SSA for 2010. That due date is the final day of the close of the seventh month after the end of the plan year in question, plus extensions granted by using Form 5558. No Form 5558 extensions will be given for the January 17, 2012 due date.

The Bulletin reminds us that Form 8955-SSA replaces Schedule SSA of Form 5500 beginning with the 2009 plan year. The form is used to report information about participants with deferred vested benefits. The 2009 form and instructions are now available, and the 2010 form is expected to be released shortly. Plan administrators must file Form 8955-SSA with the IRS and not through the EFAST2 filing system.