Form 5310

Form 5310

A form that a company files with the IRS requesting a determination letter stating the tax status of a pension, profit-sharing, or deferred compensation plan upon the cancelation of the plan.
References in periodicals archive ?
Form 5310, Application for Determination for Terminating Plan
Employer filed Form 5310, Application for Determination for Terminating Plan, and the IRS issued a favorable determination letter.
The data file contained detailed information on 2,622 completed plan terminations drawn from Form 5310 Application for Determination upon Termination) reversion filings made between September 1974 and October 1988.
The event date t[tau]=o) for the purpose of conducting the residual analysis was the earlier of (1) the date upon which Form 5310 was received by the PBGC (hereafter the filing date), or (2) the announcement (if one existed) of the plan termination in the Wall Street, Journal.
The existence of a 60-day notification rule virtually eliminated any possibility that the Form 5310 filing date is the earliest announcement of the intention to terminate the plan.
Panel B of Table 1 summarizes the primary reason for the plan termination, as reported on Form 5310.
The notice is expected to be incorporated in Form 5300 or revised Form 5310.
If the applicant is electing to receive a determination with respect to the average benefit test or any of the general tests, the fees range from $375 for Form 5310, Application for Determination of Qualification Upon Termination, to $1,250 for Form 5300 or Form 5303.
The preamble anticipates that a standard notice will be incorporated into the Form 5300 (Application for Determination for Employee Benefit Plan) or Form 5310 (Application for Determination Upon Termination; Notice of Merger, Consolidation or Transfer of Plan Assets or Liabilities; Notice of Intent to Terminate).
VanDerhei (1987) regards the date that the PBGC logged the Form 5310 (hereafter, the PBGC notification date) to be a better surrogate of the
12 Conversations with PBGC officials indicate that when a Form 5310 is received by the PBGC, the termination is assigned a case number and entered onto the termination case log.
As it relates to plan terminations, the purpose of the Form 5310 is to apply for an IRS determination upon termination of a plan (as required by Internal Revenue Code section 6058 (b)) or to give notice of intent to terminate a defined benefit plan (as required by ERISA section 4041 (a)).