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o Form 5500: On September 14, the Labor Department, Internal Revenue Service, and Pension Benefit Guarantee Corporation announced that plans with filings originally due any time between September 11 and November 30, 2001, can take an additional six months plus 120 days to file. Filers already on an extension due to expire between September 11 and November 30 will be allowed another 120 days. Those located anywhere in the US that have difficulty meeting deadlines due to interruptions in the delivery of documents by mail or private delivery service can take until November 15 to file. Call the Pension and Welfare Benefits Administration's Help Desk at (866) 463-2378 for answers to additional questions. o Late PBGC insurance premium: In early October, the PBGC announced it would waive late penalties through February 12, 2002, on any premium payment with a due date between September 11 and February 12 for plan administrators in designated disaster areas. This also applies to plan administrators that cannot reasonably obtain information or other assistance from a person or business directly affected by the disaster. Plans that take an extension beyond February 12 for filing their Form 5500s also can avoid late fees on premiums for the same extension of time granted for filing 5500s-that is, for six months and 120 days after they actually file. o Deadline for deductible contribution: In late September, the IRS granted businesses in the designated disaster areas a 120-day postponement of the deadline for making timely employer contributions to defined contribution plans if that deadline were due to fall between September 11 and November 30, 2001. Top
o Form 5500: On September 14, the Labor Department, Internal Revenue Service, and Pension Benefit Guarantee Corporation announced that plans with filings originally due any time between September 11 and November 30, 2001, can take an additional six months plus 120 days to file. Filers already on an extension due to expire between September 11 and November 30 will be allowed another 120 days. Those located anywhere in the US that have difficulty meeting deadlines due to interruptions in the delivery of documents by mail or private delivery service can take until November 15 to file. Call the Pension and Welfare Benefits Administration's Help Desk at (866) 463-2378 for answers to additional questions.
o Late PBGC insurance premium: In early October, the PBGC announced it would waive late penalties through February 12, 2002, on any premium payment with a due date between September 11 and February 12 for plan administrators in designated disaster areas. This also applies to plan administrators that cannot reasonably obtain information or other assistance from a person or business directly affected by the disaster. Plans that take an extension beyond February 12 for filing their Form 5500s also can avoid late fees on premiums for the same extension of time granted for filing 5500s-that is, for six months and 120 days after they actually file.
o Deadline for deductible contribution: In late September, the IRS granted businesses in the designated disaster areas a 120-day postponement of the deadline for making timely employer contributions to defined contribution plans if that deadline were due to fall between September 11 and November 30, 2001.
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Robert Stowe Englandeditors@plansponsor.com