Notice 2010-55 provides guidance on filing Form 5500 and Schedule SB for single-employer defined benefit plans for sponsors considering using the special funding rules of Section 430(c)(2)(D) as added by the Pension Relief Act of 2010.
Document Excerpt
This notice provides guidance on the availability of special funding rules for singleemployer defined benefit plans under § 430(c)(2)(D) of the Internal Revenue Code (Code), as added by section 201(b)(1) of the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (PRA 2010), Pub. L. No.111-192, for a plan year for which the Form 5500 (and Schedule SB) has been filed. This notice also describes anticipated future guidance that will apply for sponsors of singleemployer defined benefit pension plans with respect to an election to use these special funding rules..
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