IRS Provides FAQ on Form 8955-SSA Retirement Plan Notification Requirements

The Internal Revenue Service (IRS) posted a retirement plan FAQ clarifying Form 8955-SSA notification requirements addressed in question #8 on the form. Plan administrators can satisfy participant notification requirements using notices such as benefit statements and notification forms if they affirm the required information was timely furnished to the participants. A separate statement designed specifically to satisfy the requirement is not required.
(update 1/12/2012)

The IRS added frequently asked questions (FAQs) directed at Form 8955-SSA for 403(b) plans to its list of  retirement plan FAQs regarding Form 8955-SSA.

Form 8955-SSA replaced the Schedule SSA (Form 5500). Previously, Schedule SSA (Form 5500) was used to report plan participant information required under the Employee Retirement Income Security Act of 1974 (ERISA). Form 8955-SSA is a stand-alone form to be filed with the IRS.
(posted 11/29/2011)