Form 5330 Form 5330 Return of Excise Taxes Related to Employee Benefit Plans

Form

Return of Excise Taxes
Related to Employee Benefit Plans

5330

(Rev. April 2009)
Department of the Treasury
Internal Revenue Service

Filer tax year beginning
A

OMB No. 1545-0575

(Under sections 4965, 4971, 4972, 4973(a)(3), 4975, 4976, 4977, 4978, 4979,
4979A, 4980, and 4980F of the Internal Revenue Code)

,

and ending

,
B Filer’s identifying number (see instructions)

Name of filer (see instructions)

Employer identification number (EIN)
Number, street, and room or suite no. (If a P.O. box or foreign address, see instructions)
Social security number (SSN)
City or town, state, and ZIP code

C

Name of plan

E Plan sponsor’s EIN

D

Name and address of plan sponsor

F

H

If this is an amended return, check here

Part I

©

Plan year ending (MM/DD/YYYY)

G Plan number

Taxes. You can only complete one section of Part I for each Form 5330 filed (see instructions).

Section A. Taxes that are reported by the last day of the 7th month after the end of the
tax year of the employer (or other person who must file the return)

FOR
IRS
USE
ONLY

Section 4972 tax on nondeductible contributions to qualified plans (from Schedule A,
line 12)

161

1

Section 4973(a)(3) tax on excess contributions to section 403(b)(7)(A) custodial accounts
(from Schedule B, line 12)

164

2

3a Section 4975(a) tax on prohibited transactions (from Schedule C, line 3)
b Section 4975(b) tax on failure to correct prohibited transactions

159
224

3a
3b

4

200

4

209

5a
5b

203

6

1

2

Section 4976 tax on disqualified benefits for funded welfare plans

5a Section 4978 tax on ESOP dispositions
b The tax on line 5a is a result of the application of:

Sec. 664(g)

Sec. 1042

6

Section 4979A tax on certain prohibited allocations of qualified ESOP securities

7

Total Section A taxes. Add lines 1 through 6. Enter here and on Part II, line 17

©

7
Section B. Taxes that are reported by the last day of the 7th month after the end of the employer’s tax year or 8 1⁄ 2
months after the last day of the plan year that ends within the filer’s tax year
163
8a
8a Section 4971(a) tax on failure to meet minimum funding standards (from Schedule D, line 2)
225
8b
b Section 4971(b) tax for failure to correct minimum funding standards
9a Section 4971(f)(1) tax on failure to pay liquidity shortfall (from Schedule E, line 4)
b Section 4971(f)(2) tax for failure to correct liquidity shortfall

226
227

9a
9b

10a Section 4971(g)(2) tax on failure to comply with a funding improvement or rehabilitation
450 10a
plan (see instructions)
b Section 4971(g)(3) tax on failure to meet requirements for plans in endangered or critical
status (from Schedule F, line 1c)
451 10b
c Section 4971(g)(4) tax on failure to adopt rehabilitation plan (from Schedule F, line 2d)
452 10c
Section B1. Tax that is reported by the last day of the 7th month after the end of the calendar year in which the excess
fringe benefits were paid to the employer’s employees
11
12
13

Section 4977 tax on excess fringe benefits (from Schedule G, line 4)

201

11

©
Total Section B taxes. Add lines 8a through 11. Enter here and on Part II, line 17
12
Section C. Tax that is reported by the last day of the 15th month after the end of the plan year

Section 4979 tax on excess contributions to certain plans (from Schedule H, line 2).
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Enter here and on Part II, line 17

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Cat. No. 11870M

205

13
Form

5330

(Rev. 4-2009)

Form 5330 (Rev. 4-2009)

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2

Name of Filer:
Filer’s identifying number:
Section D. Tax that is reported by the last day of the month following the month in which the reversion occurred
14 Section 4980 tax on reversion of qualified plan assets to an employer (from Schedule I,
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line 3). Enter here and on Part II, line 17
204
14
Section E. Tax that is reported by the last day of the month following the month in which the failure occurred
15 Section 4980F tax on failure to provide notice of significant reduction in future accruals
©
(from Schedule J, line 5). Enter here and on Part II, line 17
228
15
Section F. Taxes reported on or before the 15th day of the 5th month following the close of the entity manager’s taxable
year during which the plan became a party to a prohibited tax shelter transaction
16 Section 4965 tax on prohibited tax shelter transactions for entity managers (from Schedule
©
K, line 2). Enter here and on Part II, line 17
237
16

Part II

Tax Due

17

Enter the amount from Part I, line 7, 12, 13, 14, 15, or 16 (whichever is applicable)

17

18

Enter amount of tax paid with Form 5558 or any other tax paid prior to filing this return

18

19

Tax due. Subtract line 18 from line 17. If the result is greater than zero, enter here, and attach
check or money order payable to “United States Treasury.” Write your name, identifying number,
©
plan number, and “Form 5330, Section(s)
” on your payment

19

Sign
Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

©

Paid
Preparer’s
Use Only

©

Your signature
Preparer’s
signature

©

Firm’s name (or
yours if self-employed),
address, and ZIP code

Telephone number

Date

©

©

Date

Preparer’s SSN or PTIN
Check if
self-employed
EIN
Phone no.

(
Form

)

5330

(Rev. 4-2009)

Form 5330 (Rev. 4-2009)

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Name of Filer:
Filer’s identifying number:
Schedule A. Tax on Nondeductible Employer Contributions to Qualified Employer Plans (Section 4972)
Reported by the last day of the 7th month after the end of the tax year of the employer (or other person who must file
the return)
Total contributions for your tax year to your qualified employer plan (under section 401(a),
403(a), 408(k), or 408(p))

1

2

Amount allowable as a deduction under section 404

2

3
4

Subtract line 2 from line 1
Enter amount of any prior year nondeductible contributions made for
years beginning after 12/31/86
Amount of any prior year nondeductible contributions for years beginning
after 12/31/86 returned to you in this tax year for any prior tax year

3
4

6

Subtract line 5 from line 4

6

7

Amount of line 6 carried forward and deductible in this tax year

7

8

Subtract line 7 from line 6

8

9

Tentative taxable excess contributions. Add lines 3 and 8

9

10

Nondeductible section 4972(c)(6) or (7) contributions exempt from excise tax

10

11

Taxable excess contributions. Subtract line 10 from line 9

11

1

5

5

© 12
12 Multiply line 11 by 10%. Enter here and on Part I, line 1
Schedule B. Tax on Excess Contributions to Section 403(b)(7)(A) Custodial Accounts (Section 4973(a)(3))
Reported by the last day of the 7th month after the end of the tax year of the employer (or other person who must file
the return)

1

Total amount contributed for current year less rollovers (see instructions)

1

2

Amount excludable from gross income under section 403(b) (see instructions)

2

3

Current year excess contributions. Subtract line 2 from line 1. If zero or less, enter -0-

3

4

Prior year excess contributions not previously eliminated. If zero, go to line 8

4

5

Contribution credit. If line 2 is more than line 1, enter the excess; otherwise, enter -0-

5

6

Total of all prior years’ distributions out of the account included in your gross income under
section 72(e) and not previously used to reduce excess contributions

6

7

Adjusted prior years’ excess contributions. Subtract the total of lines 5 and 6 from line 4

7

8

Taxable excess contributions. Add lines 3 and 7

8

9

Multiply line 8 by 6%

9

10

Enter the value of your account as of the last day of the year

10

11

Multiply line 10 by 6%

11

12

Excess contributions tax. Enter the lesser of line 9 or line 11 here and on Part I, line 2

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Form

5330

(Rev. 4-2009)

Form 5330 (Rev. 4-2009)

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Name of Filer:

4

Filer’s identifying number:

Schedule C. Tax on Prohibited Transactions (Section 4975) (see instructions) Reported by the last day of the 7th month
after the end of the tax year of the employer (or other person who must file the return) (continued)
1

Is the excise tax a result of a prohibited transaction that was (box “a” or box “b” must be checked):
discrete
other than discrete (a lease or a loan)
a
b
Complete the table below to disclose the prohibited transactions and figure the initial tax (see instructions)

2

(a)
Transaction
number

(b) Date
of transaction
(see instructions)

(c) Description of prohibited transaction

(d) Amount involved
in prohibited
transaction
(see instructions)

(e) Initial tax on prohibited
transaction (multiply each
transaction in column (d) by
the appropriate rate (see
instructions))

(i)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

(viii)

(ix)

(x)

(xi)

(xii)
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3

Add amounts in column (e); enter here and on Part I, line 3a

4

Have you corrected all of the prohibited transactions that you are reporting on this return? If “Yes,”
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complete Schedule C, line 5, on the next page. If “No,” attach statement (see instructions)
Form

Yes

5330

No

(Rev. 4-2009)

Form 5330 (Rev. 4-2009)

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5

Name of Filer:
Filer’s identifying number:
Schedule C. Tax on Prohibited Transactions (Section 4975) Reported by the last day of the 7th month after the end of
the tax year of the employer (or other person who must file the return) (continued)
5 Complete the table below, if applicable, of other participating disqualified persons and description of correction
(see instructions).
(a)
Item no.
from line 2

(b)
Name and address of
disqualified person

(c)
EIN or SSN

(d)
Date of
correction

(e)
Description of correction

Schedule D. Tax on Failure to Meet Minimum Funding Standards (Section 4971(a)) Reported by the last day of the
7th month after the end of the employer’s tax year or 8 1⁄ 2 months after the last day of the plan year that ends within
the filer’s tax year
1
2

Aggregate unpaid required contributions (accumulated funding deficiency for multiemployer
plans) (see instructions)
©
Multiply line 1 by 10% (5% for multiemployer plans). Enter here and on Part I, line 8a

1
2
Form

5330

(Rev. 4-2009)

Form 5330 (Rev. 4-2009)

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6

Name of Filer:
Filer’s identifying number:
Schedule E. Tax on Failure to Pay Liquidity Shortfall (Section 4971(f)(1)) Reported by the last day of the 7th month after
the end of the employer’s tax year or 8 1⁄ 2 months after the last day of the plan year that ends within the filer’s tax year
(a) 1st Quarter

(b) 2nd Quarter

(c) 3rd Quarter

(d) 4th Quarter

(e) Total
Add cols. a-d for line 3

1
Amount of shortfall
2
Shortfall paid by the due date
3
Net shortfall amount
Multiply line 3 column (e) by 10% (5% for multiemployer plans). Enter here and on Part I,
©
4
line 9a
Schedule F. Tax on Multiemployer Plans in Endangered or Critical Status (Section 4971(g)(3), 4971(g)(4)) Reported by the
last day of the 7th month after the end of the employer’s tax year or 8 1⁄ 2 months after the last day of the plan year that
ends within the filer’s tax year
1
2
3
4

1

Section 4971(g)(3) tax on failure to meet requirements for plans in endangered or critical status
a Enter the amount of contributions necessary to meet the applicable benchmarks or requirements
b Enter the amount of the accumulated funding deficiency
c Enter the greater of line 1a or line 1b, here and on Part I, line 10b
2 Section 4971(g)(4) tax on failure to adopt rehabilitation plan
a Enter the amount of the excise tax on the accumulated funding deficiency under section
4971(a)(2) from Schedule D, line 2

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1
1a
1b
1c
2
2a

b Enter the number of days during the tax year which are included in the period beginning on the first day
2b
of the 240 day period and ending on the day the rehabilitation plan is adopted ©
2c
c Multiply line 2b by $1,100
© 2d
d Enter the greater of line 2a or line 2c, here and on Part I, line 10c
Schedule G. Tax on Excess Fringe Benefits (Section 4977) Reported by the last day of the 7th month after the end of the
calendar year in which the excess fringe benefits were paid to the employer’s employees
Yes
No
1 Did you make an election to be taxed under section 4977?
2 If “Yes,” enter the calendar year (YYYY) in which the excess fringe benefits were paid ©
3
3 If line 1 is “Yes,” enter the excess fringe benefits on this line (see instructions)
©
4 Enter 30% of line 3 here and on Part I, line 11
4
Schedule H. Tax on Excess Contributions to Certain Plans (Section 4979) Reported by the last day of the 15th month after the
end of the plan year
1

Enter the amount of an excess contribution under a cash or deferred arrangement that is part of a plan
1
qualified under section 401(a), 403(a), 403(b), 408(k), or 501(c)(18) or excess aggregate contributions
©
2 Multiply line 1 by 10% and enter here and on Part I, line 13
2
Schedule I. Tax on Reversion of Qualified Plan Assets to an Employer (Section 4980) Reported by the last day of the
month following the month in which the reversion occurred
1
2a
3
4

© MM
DD
Date reversion occurred
Employer reversion amount
b Excise tax rate
Multiply line 2a by line 2b and enter the amount here and on Part I, line 14
Explain below why you qualify for a rate other than 50%:

YY
©

3

Schedule J. Tax on Failure to Provide Notice of Significant Reduction in Future Accruals (Section 4980F) Reported by the
last day of the month following the month in which the failure occurred
1
1 Enter the number of applicable individuals who were not provided ERISA section 204(h) notice ©
2
© MM
DD
YY
2 Enter the effective date of the amendment
3
3 Enter the number of days in the noncompliance period ©
4
4 Enter the total number of failures to provide ERISA section 204(h) notice (see instructions)
5
©
5 Multiply line 4 by $100. Enter here and on Part I, line 15
6

Provide a brief description of the failure, and of the correction, if any

Schedule K. Tax on Prohibited Tax Shelter Transactions (Section 4965) Reported on or before the 15th day of the 5th month
following the close of the entity manager’s tax year during which the plan became a party to a prohibited tax shelter transaction
1
2

Enter the number of prohibited tax shelter transactions you caused the same plan to be a
party to ©
©
Multiply line 1 by $20,000. Enter the result here and on Part I, line 16

1
2
Form

5330

(Rev. 4-2009)