Provided by your plan administration partner:
Form 5558 (Extension Request for Form 5500) Procedures Change
Recent procedure change at the IRS's Ogden, Utah facility:
Plan sponsors have been receiving return correspondence in the form of an acknowledgment letter from the IRS when a Form 5558 is properly filed to extend the due date for filing Form 5500 or Form 5500.EZ. This correspondence indicates that you must save the letter and include a copy with the 5500.
We have been able to confirm that the IRS is working to have the language in the acknowledgement letter modified to advise plan sponsors that they do NOT need to attach the acknowledgement letter to their Form 5500 or Form 5500.EZ filings.
The language instructing filers to do so is an error and will be removed soon. As has been the practice in the past, only a copy of the Form 5558 must be attached to the Form 5500 or Form 5500.EZ filing.
It will take some time for this re.programming to be accomplished, but the IRS and the DOL are working on the correction.
Action: File only the 5500 documentation received from Innovative Pension as per the instructions that accompany the filing. Disregard this IRS Communication.
Reach Customer Service at 858-748-6500 with questions
Plan Design 858-218-3440
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Poway, CA 92064
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