IRS Retirement Plan Reporting and Disclosure Requirements

IRS, DOL,

Administrators or sponsors of retirement plans are generally required by law to report certain information with the IRS, the Department of Labor, and the Pension Benefit Guarantee Corporation, and disclosure to affected parties depending on the plans’ type, size, and circumstances.

Below is an excerpt from the IRS’s Retirement Plan Reporting and Disclosure Requirements regarding annual notices that are to be distributed to participants.

Annual Notices to Participants

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The Reporting and Disclosure Guide for Employee Benefit Plans was prepared by the IRS as a quick reference tool for certain basic reporting and disclosure requirements for retirement plans under the Internal Revenue Code and provisions of Employee Retirement Income Security Act of 1974 (ERISA) administered by the IRS. The Guide is not intended to be an exhaustive list of possible civil penalties and other consequences for reporting and disclosure violations. The Department of Labor and the Pension Benefit Guaranty Corporation reviewed the parts of the Guide that concerns provisions the agencies jointly administer. View the entire guide at: https://www.irs.gov/pub/irs-tege/irs_reporting_disclosure_guide.pdf. This Guide should be used in conjunction with the DOL Retirement Plan Reporting and Disclosure Guide at http://www.dol.gov/ebsa/pdf/rdguide.pdf and DOL’s www.dol.gov/ebsa/pdf/troubleshootersguide.pdf. Please be sure to check for current laws and regulations on other DOL reporting and disclosure provisions on EBSA’s website at www.dol.gov/ebsa.

 

ACR#176314 03/16