(a) General. Under the authority of sections 103(b)(4), 104(a)(3),
110 and 505 of the Act, an employee benefit plan, some or all of the
assets of which are held in a common or collective trust or a pooled
separate account described in section 103(b)(3)(G) of the Act and
Sec. Sec. 2520.103-3 and 2520.103-4, is relieved from including in its
annual report information about the current value of the plan's
allocable portion of assets and liabilities of the common or collective
trust or pooled separate account and information concerning the
individual transactions of the common or
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collective trust or pooled separate account, provided that the plan
meets the requirements of paragraph (b) of this section, and, provided
further, that the bank or insurance carrier which holds the plan's
assets meets the requirements of paragraph (c) of this section.
(b) Application. A plan whose assets are held in a common or
collective trust or a pooled separate account described in section
103(b)(3)(G) of the Act and Sec. Sec. 2520.103-3 and 2520.103-4,
provided the plan administrator, on or before the end of the plan year,
provides the bank or insurance carrier which maintains the common or
collective trust or pooled separate account with the plan number, and
name and Employer Identification Number of the plan sponsor as will be
reported on the plan's annual report.
(c) Separate filing by common or collective trusts and pooled
separate accounts. The bank or insurance carrier which maintains the
common or collective trust or pooled separate account in which assets of
the plan are held shall file, in accordance with the instructions for
the form, a completed Form 5500 ``Annual Return/Report of Employee
Benefit Plan'' and any statements or schedules required to be attached
to the form for the common or collective trust or pooled separate
account, including Schedule D (DFE/Participating Plan Information) and
Schedule H (Financial Information). See the instructions for this form.
The information reported shall be for the fiscal year of such trust or
account ending with or within the plan year for which the annual report
of the plan is made.
(d) Electronic filing. See Sec. 2520.104a-2 and the instructions
for the Form 5500 ``Annual Return/Report of Employee Benefit Plan'' for
electronic filing requirements. The bank or insurance company which
maintains the common or collective trust or pooled separate account
must maintain an original copy, with all required signatures, as part
of its records.
[65 FR 21082, Apr. 19, 2000] 
