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To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.

USA116th CongressHR-982| House 
| Updated: 2/5/2019
Linda T. Sánchez

Linda T. Sánchez

Democratic Representative

California

Cosponsors (1)
David P. Roe (Republican)

Ways and Means Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill requires the Department of the Treasury and the Department of Labor to cooperate to modify specified returns required for deferred compensation plans and other employee benefit plans to permit all members of a group of plans to file a single aggregated annual return or report satisfying the requirements of both the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA). The requirement applies to a group in which all of the plans are individual account plans or defined contribution plans; have the same trustee, the same one or more named fiduciaries, the same administrator, and plan years beginning on the same date; and provide the same investments or investment options to participants and beneficiaries. The bill also specifies that, for the purposes of applying the numerical limitations related to the electronic filing of returns for deferred compensation plans, each plan for which information is provided on the return must be treated as a separate return.
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Timeline

Bill from Previous Congress

HR 115-1688
To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.
Feb 5, 2019
Introduced in House
Feb 5, 2019
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 6, 2019

Latest Companion Bill Action

S 116-354
Introduced in Senate
  • Bill from Previous Congress

    HR 115-1688
    To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.


  • February 5, 2019
    Introduced in House


  • February 5, 2019
    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • February 6, 2019

    Latest Companion Bill Action

    S 116-354
    Introduced in Senate

Taxation

Related Bills

  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • HR 116-1007: Retirement Enhancement and Savings Act of 2019
  • HR 116-1994: Setting Every Community Up for Retirement Enhancement Act of 2019
  • S 116-354: A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.
Employee benefits and pensionsIncome tax deferralTax administration and collection, taxpayers

To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.

USA116th CongressHR-982| House 
| Updated: 2/5/2019
This bill requires the Department of the Treasury and the Department of Labor to cooperate to modify specified returns required for deferred compensation plans and other employee benefit plans to permit all members of a group of plans to file a single aggregated annual return or report satisfying the requirements of both the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA). The requirement applies to a group in which all of the plans are individual account plans or defined contribution plans; have the same trustee, the same one or more named fiduciaries, the same administrator, and plan years beginning on the same date; and provide the same investments or investment options to participants and beneficiaries. The bill also specifies that, for the purposes of applying the numerical limitations related to the electronic filing of returns for deferred compensation plans, each plan for which information is provided on the return must be treated as a separate return.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 115-1688
To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.
Feb 5, 2019
Introduced in House
Feb 5, 2019
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 6, 2019

Latest Companion Bill Action

S 116-354
Introduced in Senate
  • Bill from Previous Congress

    HR 115-1688
    To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.


  • February 5, 2019
    Introduced in House


  • February 5, 2019
    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • February 6, 2019

    Latest Companion Bill Action

    S 116-354
    Introduced in Senate
Linda T. Sánchez

Linda T. Sánchez

Democratic Representative

California

Cosponsors (1)
David P. Roe (Republican)

Ways and Means Committee, Education and Workforce Committee

Taxation

Related Bills

  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • HR 116-1007: Retirement Enhancement and Savings Act of 2019
  • HR 116-1994: Setting Every Community Up for Retirement Enhancement Act of 2019
  • S 116-354: A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsIncome tax deferralTax administration and collection, taxpayers