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DOL/EBSA

RIN: 1210-AB97

Publication ID: Fall 2020

Title: ●Revisions to Streamline Reporting on the Form 5500 ("Reforming the Form 5500")
Abstract: The last major revision of the Form 5500 Annual Return/Report was proposed in 2006 and finalized in 2007, effective for the 2009 form series. This deregulatory action would modernize and streamline reporting requirements to improve the utility and accuracy of reported data and to eliminate repetitive or unnecessary reporting. These revisions are intended to simplify annual reporting requirements and provide improved data for enforcement and plan participants.
Agency: Department of Labor(DOL)	Priority: Other Significant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: Undetermined
EO 13771 Designation: Deregulatory
CFR Citation: 29 CFR 2520
Legal Authority: 29 U.S.C. 1021, 1023-24, 1026-27, 1029-30 29 U.S.C. 1135

Legal Deadline:

Action	Source	Description	Date
Final	Statutory	Part of this project is under the section 202 of the SECURE Act

Overall Description of Deadline: Part of this project is under the section 202 of the SECURE Act, which require implementation of a consolidated annual report for certain groups of similar plans by no later than January 1, 2022, that should apply to return/reports for plan years beginning after December 31, 2021. The other parts of this project do not have a legal deadline.

Timetable:

Action	Date	FR Cite
NPRM	05/00/2021

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Jeffrey J. Turner Deputy Director, Office of Regulations and Interpretations Department of Labor Employee Benefits Security Administration Room N5669, 200 Constitution Avenue NW, FP Building, Room N-5655, Washington, DC 20210 Phone:202 693-8500