Does an employer need to file a Form 8955-SSA every year?

If a plan does not have any reportable participants for a given year, then the plan does not need to file a Form 8955-SSA for that year. [Read more…]

Do all terminated employees need to be reported on the Form 8955-SSA?

No.  All terminated employees do not need to be reported on the Form 8955-SSA.  Only those employees who have a vested account balance or vested accrued benefit in the plan.  [Read more…]

Who must be reported on the Form 8955-SSA?

Terminated participants with a vested accrued benefit or vested account balance must be reported on the Form 8955-SSA. [Read more…]

Which employers are required to file a Form 8895-SSA?

Private employers who sponsor any type of qualified retirement plan such as a 401(k) plan, profit sharing plan, defined benefit plan or cash balance plan must file a Form 8895-SSA unless the plan is an “owner-only” plan. [Read more…]

Why is the Form 8955-SSA filed separately from the Form 5500?

Effective with the 2009 Form 5500, the Form 5500 is electronically filed and the entire filing is almost immediately available on the DOL website. [Read more…]

What does the SSA do with the Form 8955-SSA?

The Social Security Administration (‘SSA’) uses the information to notify individuals that they may be eligible [Read more…]

What is the Form 8955-SSA?

The Form 8955-SSA is a successor to the Schedule SSA where the benefits for terminated employees with a [Read more…]