Plans may temporarily use prior Forms 5300 and 5310, IRS advises

Plan sponsors may temporarily choose to use prior versions of Form 5300, Application for Determination for Employee Benefit Plan, and Form 5310, Application for Determination for Terminating Plan, the IRS has advised.

Revised Forms 5300 and 5310 were issued in December 2013. “Although we prefer that plan sponsors use the revised version of the forms, we’ll continue to accept these prior versions through June 30, 2014,” the IRS stated.

The IRS’s EP Determinations division may request additional information or clarification for applications filed on prior versions during their review process.

Source: IRS Employee Plans News, Issue 2014-1, January 14, 2014.

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