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Labor Department Releases Advance Copies of 2006 Form 5500
WASHINGTON, DC, July 13, 2006 -- The U.S. Department of Labor's Employee Benefits Security Administration (EBSA), the Internal Revenue Service and the Pension Benefit Guaranty Corporation today released advance copies of the 2006 Form 5500 and instructions.
The modifications to the Form 5500 for plan year 2006 are described under "Changes to Note" in the 2006 Instructions. Of particular importance, the Schedule P (Annual Return of Fiduciary of Employee Benefit Trust) is no longer required; the instructions for the Schedules H and I are updated to refer to EBSA's revised Voluntary Fiduciary Correction Program and companion exemption; new addresses for submitting late filing penalties under the Form 5500 Delinquent Filer Voluntary Compliance Program are provided; and the instructions for counting welfare participants and beneficiaries are improved.
Information copies of the forms, schedules and instructions are available on EBSA's Web site at www.dol.gov/ebsa/5500main.html. Filers should monitor the EFAST Web site for information on approved software vendors for completing the 2006 forms and on the availability of the official, government printed forms. Advance copies of the 2006 Form 5500 cannot be used for 2005 filings. If pension reform legislation is enacted, further guidance on reporting changes will be issued.
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