Labour market · 05/04/2011

IRS Adopts Technical Revisions to Form 5500 Annual Return/Report for Pension Plans Electing Funding Alternatives Under Pension Relief Act of 2010

The Internal Revenue Service (IRS) has adopted technical revisions to the Form 5500 Annual Return/Report for employee benefit plans, allowing for retroactive application of funding relief alternatives to defined benefit pension plans under the Pension Relief Act of 2010. The changes will be effective for 2011 and later returns, and will require updated reporting on Schedule MB and Schedule SB.