|
 Printer-Friendly Version
Archived News Release--Caution:
information may be out of date.
For more information call: 202-219-8921.
WASHINGTON -- The U.S. Department of Labor's Pension and
Welfare Benefit Administration and the Internal Revenue Service today announced
an extension for filing annual returns/reports (Form 5500 Series) due to the
continuing California floods.
The extension applies to employee benefit plans located in
counties designated by the Federal Emergency Management Agency as federal
disaster areas because of the flooding.
The extension also applies in cases where administrators
of plans located outside the designated disaster area are unable to obtain the
information necessary for filing from service providers, banks or insurance
companies whose operations are directly affected by the floods.
In addition, the extension applies to banks, insurance
companies and certain investment entities which have been affected by the
floods and which file reports directly with the Labor Department.
The following rules apply in the case of pension and other
employee benefit plan returns/reports required to be filed on or after Feb. 13,
1995.
The agencies will consider filers affected by the disaster
as having reasonable cause for late filing, and will therefore not impose any
late filing penalties if the relevant return/report is filed by April 30, 1995.
To qualify for the extension, returns/reports must be
marked in red, bold print "California Flood '95" on the top center of the first
page. The report/return of an employee benefit plan not located within the
designated disaster area must include an attachment identifying the plan's
service provider affected by the floods and the county in which the service
provider is located.
Archived News Release--Caution:
information may be out of date.
| 
