Issuing the key pension reporting document were the US Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC).
According to the government announcement, of particular importance among changes is that
- the Schedule T (Qualified Pension Plan Coverage Information) is no longer required
- the instructions for the Schedule A (Insurance Information) reflect EBSA guidance issued earlier this year on reporting of insurance fees and commissions
- the Schedule B (Actuarial Information) and its instructions improve reporting on investment returns, actuarial assumptions, and the summary of eligibility and benefit provisions used in plan valuations.
“By making the forms and instructions available early and streamlining them, the filing process will be more efficient for plans and service providers,” said Ann Combs, assistant secretary of labor for employee benefits security, in the announcement.
The form is here .