Instructions For Form 5307 (Rev. 2014) printable pdf download

Instructions for Form 5307

Department of the Treasury

Internal Revenue Service

(Rev. June 2014)

Application for Determination for Adopters of

Modified Volume Submitter (VS) Plans

Public Inspection

Section references are to the Internal Revenue

of other participants that may be

Code unless otherwise noted.

allocated to the participant’s account.

Form 5307 is open to public inspection if

What's New

there are more than 25 plan

A DB plan is any plan that is not a DC

participants. The total number of

plan.

participants must be shown on line 4e.

The form and the instructions have

Termination of Plan

undergone revisions in the format and

See the instructions for line 4e for a

information required. Review these

definition of participant.

If the plan is terminated, file Form 5310,

Application for Determination Upon

documents before completing the

application. Some of the revisions were

Terminating Plan.

General Instructions

made in accordance with

If benefit accruals or contributions

Announcement 2011-82, 2011-52 I.R.B.

Purpose of Form

have ceased, the plan and trust will not

1052, available at

be considered terminated until an

An adopter of a Volume Submitter (VS)

2011-52_IRB/ar20.html, which

official action to terminate has occurred.

plan files Form 5307 to request a DL

eliminated demonstrations regarding

Note. A DB plan cannot be amended

from the IRS for the qualification of a

coverage and nondiscrimination

to become a DC plan. If a sponsor of a

modified defined benefit (DB) or a

requirements and limited Form 5307

DB plan attempts to amend the plan to

defined contribution (DC) plan and the

applications.

become a DC plan, or if the merger of a

exempt status of any related trust.

Note. Rev. Proc. 2014-6, 2014-1 I.R.B.

DB plan with a DC plan results solely in

Who May File

198, available at

a DC plan the DB plan is considered

irs-irbs/irb14-01.pdf, contains the

terminated.

File Form 5307, Application for

guidance under which the

Determination for Adopters of Modified

Where To File

Determination Letter (DL) program is

Volume Submitter (VS) Plans, if this is a

administered. It is updated annually and

File Form 5307 at the address indicated

VS plan that has made limited

can be found in the Internal Revenue

below:

modifications to an approved specimen

Bulletin (I.R.B.). The application should

plan (that does not create an individually

be filed in accordance with Rev. Proc.

Internal Revenue Service

designed plan).

2007-44, 2007-28 I.R.B. 54, available at

P.O. Box 12192

Covington, KY 41012-0192.

Note. Adopters of Master and

(as revised by Ann. 2011-82), and Rev.

Prototype (M&P) plans may not use

Proc. 2014-6, as updated, available at

Form 5307 and must file Form 5300 if a

Requests shipped by express mail or

irs-irbs/

DL is requested. Adopters of VS plans

a delivery service should be sent to:

irb14-01.pdf. Review these documents

that do not meet the above conditions

before completing the application.

Internal Revenue Service

must also file on Form 5300.

201 West Rivercenter Blvd.

Future Developments

In certain circumstances, an

Attn: Extracting Stop 312

application for a DL for a VS plan must

Covington, KY 41011

For the latest information related to

be filed on Form 5300:

Form 5307 and its instructions, such as

requests regarding 414(m),

legislation enacted after they were

Private Delivery Services. In addition

requests regarding 414(n),

published, go to

to the United States mail, you can use

partial termination requests,

certain private delivery services

Disclosure Request by

multiple employer plans,

designated by the IRS to meet the

Taxpayer

money purchase, target benefit and

“timely mailing as timely filing/paying”

defined benefit pension plans with a

rule for tax returns and payments.

A taxpayer can authorize the IRS to

normal retirement age earlier than age

These private delivery services include

disclose and discuss the taxpayer’s

62, or

only the following:

return and/or return information with any

a procedure requested by the IRS.

DHL Express (DHL): DHL Same Day

person(s) the taxpayer designates in a

Service, DHL Next Day 10:30 am, DHL

written request. Use Form 2848, Power

See Form 5300 and instructions.

Next Day 12:00 pm, DHL Next Day 3:00

of Attorney and Declaration of

pm, and DHL 2nd Day Service.

Type of Plan

Representative, if the representative is

Federal Express (FedEx): FedEx

qualified to sign, or Form 8821, Tax

A DC plan is a plan that provides an

Priority Overnight, FedEx Standard

Information Authorization, for this

individual account for each participant

Overnight, FedEx 2Day, FedEx

purpose. See Pub. 947, Practice Before

and for benefits based only on:

International Priority, and FedEx

the IRS and Power of Attorney, for more

1. The amount contributed to the

International First.

information.

participant’s account, and

United Parcel Service (UPS): UPS

2. Any income, expenses, gains and

Next Day Air, UPS Next Day Air Saver,

losses, and any forfeitures of accounts

UPS 2nd Day Air, UPS 2nd Day Air

Jun 10, 2014

Cat. No. 11833J

Instructions For Form 5307 (Rev. 2014)

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