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American Retirement Association Requests Extended Comment Period on 5500 Changes

On Sept. 14, 2016, the American Retirement Association Government Affairs Committee (GAC) filed an initial comment letter with the IRS, Department of Labor and Pension Benefit Guaranty Corporation regarding the agencies’ joint proposal for changes to Form 5500 and the related schedules.

In the comment letter, ARA GAC requested an extension of the comment period by 105 days to Jan. 17, 2017, a delay in the effective date of the proposal to at least Jan. 1, 2020, and that a public hearing be held once the written comment period ends.