Labor Department, IRS Extend Filing Time For Annual Reports Due To Hurricanes Floyd And Irene

Archived News Release — Caution: Information may be out of date.

The U.S. Department of Labor’s Pension and Welfare Benefits Administration and Internal Revenue Service today extended the deadline for filing annual returns/reports (Form 5500 series) due to Hurricanes Floyd and Irene.

The extension applies to employee benefit plans, banks and insurance companies located in the counties designated by the Federal Emergency Management Agency as federal disaster areas because of the hurricanes.

The extension also applies to plan administrators located outside the designated disaster areas who are unable to obtain the information necessary for filing from service providers, banks or insurance companies whose operations are directly affected by the hurricanes. In addition, the extension applies to banks, insurance companies and certain investment entities which have been affected by the hurricanes and which file reports directly with the Labor Department.

The following rules apply in the case of pension and other employee benefit plan returns/reports required to be filed on or after Sept. 15, 1999. The agencies will consider filers affected by the disasters as having reasonable cause for late filing, and will therefore not impose any late filing penalties if the relevant return/report is filed by Nov. 30, 1999.

Returns/reports filed after the date of this release, should be marked “Hurricane Floyd” and/ or “Hurricane Irene” across the top margin of the first page. The return/report of an employee benefit plan not located within a designated disaster area must include an attachment identifying the plan’s service provider affected by either “Hurricane Floyd” or “Hurricane Irene,” as appropriate, and the county in which the service provider is located.

U.S. Department of Labor news releases are accessible on the Internet. The information in this news release will be made available in alternate format upon request (large print, Braille, audio tape or disc) from the Central Office for Assistive Services and Technology. Please specify which news release when placing your request. Call 202.693.7773 or TTY 202.693.7755.

Archived News Release — Caution: Information may be out of date.

Contact Name: Sharon Morrissey
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