Get the free Form 5310

Use Form 5310 to request an IRS determination as to the qualified status of a pension, profit-sharing, or other deferred compensation plan upon plan termination. This form is important for compliance

How to fill out form 5310

How to fill out Form 5310

1. Obtain Form 5310 from the IRS website or your tax advisor.
2. Fill in the basic information section, including your name, address, and EIN.
3. Specify the type of plan for which you are requesting a determination letter.
4. Provide details about the plan sponsor, including names and addresses.
5. Complete the plan information section with specifics about your retirement plan.
6. Attach any required documentation supporting your request.
7. Sign and date the form at the designated section.
8. Send the completed form to the appropriate IRS address listed in the instructions.

Who needs Form 5310?

1. Employers who sponsor qualified retirement plans seeking a determination letter from the IRS.
2. Plan administrators managing a qualified plan who need assurance of compliance with tax laws.
3. Organizations contemplating amendments to their retirement plans that may affect tax treatment.

People Also Ask about

Who must file federal income tax form?

Generally, most U.S. citizens and permanent residents who work in the United States need to file a tax return if they make more than a certain amount for the year. Taxpayers may have to pay a penalty if they're required to file a return but fail to do so.

Who needs to file a form 5310-A?

Employers use this form to give notice of: A plan merger or consolidation that is the combining of two or more plans into a single plan. A plan spinoff that is the splitting of a single plan into two or more spinoff plans.

How do you notify the IRS of a merger?

What should you do? Most organizations that merge into another organization or otherwise terminate will notify the IRS of the changes by filing a final Form 990, Form 990-EZ or the e- Postcard (Form 990-N). Which form your organization uses depends on its gross income and assets.

Is form 5310 mandatory?

More In Retirement Plans A plan sponsor isn't required to submit a Form 5310 to the IRS to rule on a plan's termination. However, a favorable determination letter upon plan termination from the IRS gives reliance that the plan document is qualified in form at the time of plan termination.

What is Form 5310 used for?

Plan sponsors or administrators of pension, profit-sharing, or 403(b) plans use Form 5310 to ask the IRS to make a determination on the plan's qualification status at the time of the plan's termination.

How much is the fee for form 5310?

2023-37 for a preapproved qualified or 403(b) plan without an adoption agreement will rise to $32,000 per plan (up from $28,000). The fee for filing Form 5307 will increase to $1,200 (up from $1,000). The fee for filing Form 5300 or Form 5310 for a multiple-employer qualified plan will go up to $4,200 (up from $4,000).

Who must file Form 5310 A?

This form must be filed for any plan with a separate employer identification and plan number if that plan is involved in a merger or transfer of plan assets or liabilities.

For pdfFiller’s FAQs

What is Form 5310?

Form 5310 is a document used by employers and plan sponsors to request a determination letter from the Internal Revenue Service (IRS) regarding the qualified status of a defined benefit plan under the Internal Revenue Code.

Who is required to file Form 5310?

Employers and plan sponsors who have recently terminated a defined benefit plan or are seeking to amend a plan significantly must file Form 5310 to obtain assurance about the plan's compliance with the IRS regulations.

How to fill out Form 5310?

To fill out Form 5310, the applicant must provide information about the plan, its provisions, and any changes being made. This includes details such as plan identification, the type of plan, plan year, and a description of the amendments being made. All required schedules must also be completed.

What is the purpose of Form 5310?

The purpose of Form 5310 is to allow plan sponsors to request a determination from the IRS regarding the tax-qualified status of their defined benefit plans, ensuring they meet the necessary legal requirements and regulations.

What information must be reported on Form 5310?

Form 5310 requires reporting of various information including the plan name, employer identification number (EIN), plan provisions, any terminations or amendments, and the reason for the request for a determination of the plan's tax-qualified status.