2009 Instructions For Schedule Sb (Form 5500) Single-Employer Defined Benefit Plan Actuarial Information

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Lines A through F. Identifying Information. Lines A – F
2009 Instructions for Schedule SB
must be completed for all plans. If the Schedule SB is attached
to a Form 5500 or Form 5500-SF, lines A through D should
(Form 5500)
include the same information as reported in corresponding lines
in Part II of the Form 5500, Form 5500-SF, or Form 5500-EZ.
Single-Employer Defined Benefit Plan
You may abbreviate the plan name (if necessary) to fit in the
Actuarial Information
space provided.
Do not use a social security number in line D instead of an
General Instructions
EIN. The Schedule SB and its attachments are open to public
inspection if filed with a Form 5500 or Form 5500-SF, and the
Note. Proposed regulations under Code sections 430, 436,
contents are public information and are generally subject to
and 4971 and ERISA sections 206(g) and 303 were published
publication on the Internet. Because of privacy concerns, the
in the Federal Register on May 29, 2007, August 31, 2007,
inclusion of a social security number on the Schedule SB or any
December 31, 2007, and April 15, 2008. However, with the
of its attachments may result in the rejection of the filing.
exception of sections 1.430(h)(3)-1 and 54.4971(c)-1 of the
proposed regulations, the provisions of the final regulations will
You can apply for an EIN from the IRS online, by telephone,
not be effective until the plan year beginning in 2010. With
by fax, or by mail depending on how soon you need to use the
respect to those provisions proposed to become effective after
EIN. For more information, see Section 3: Electronic Filing
2008, plan sponsors may rely on the provisions of the proposed
Requirement under General Instructions to Form 5500. The
or final regulations for plan years beginning in 2008 or 2009, or
EBSA does not issue EINs.
they may generally follow a reasonable interpretation of the
Line E. Type of Plan. Check the applicable box to indicate the
funding rules in the statute, taking into account the provisions of
type of plan. A single-employer plan for this reporting purpose is
the Worker, Retiree, and Employer Recovery Act of 2008
an employee benefit plan maintained by one employer or one
(“WRERA”) and any other amendments to the funding rules that
employee organization. A multiple-employer plan is a plan that
are enacted.
is maintained by more than one employer, but is not a
Who Must File
multiemployer plan. (See the Instructions for Form 5500, box
A(1) for additional information on the definition of a
As the first step, the plan administrator of any single-employer
multiemployer plan.)
defined benefit plan (including a multiple-employer defined
Check “Single” if the Form 5500, Form 5500-SF, or Form
benefit plan) that is subject to the minimum funding standards
5500-EZ is filed for a single-employer plan (including a plan
(see Code section 412 and Part 3 of Title I of ERISA) must
maintained by more than one member of the same controlled
obtain a completed Schedule SB that is prepared and signed by
group).
the plan’s enrolled actuary as discussed below in the Statement
Check “Multiple-A” if the Form 5500 or Form 5500-SF is
by Enrolled Actuary section. The plan administrator must retain
being filed for a multiple-employer plan and the plan is subject
with the plan records the Schedule SB that is prepared and
to the rules of Code section 413(c)(4)(A) (i.e., it is funded as if
signed by the plan’s actuary.
each employer were maintaining a separate plan). This includes
Next, the plan administrator must ensure that the information
plans established before January 1, 1989, for which an election
from the actuary’s Schedule SB is entered electronically into the
was made to fund in accordance with Code section
annual return/report being submitted. When entering the
413(c)(4)(A).
information, whether using EFAST2-approved software or
Check “Multiple-B” if the Form 5500 or Form 5500-SF is
EFAST2’s web-based filing system, all the fields required for
being filed for a multiple-employer plan and the plan is subject
the type of plan must be completed (see instructions for fields
to the rules of Code section 413(c)(4)(B) (i.e., it is funded as if
that need to be completed).
all participants were employed by a single employer).
Further, the plan administrator of a single-employer defined
If “Multiple-A” is checked, compute the entries on Schedule
benefit plan must attach to the Form 5500 or Form 5500-SF an
SB filed for the plan as the sum of the individual amounts
electronic reproduction of the Schedule SB prepared and
computed for each employer. Complete a Schedule SB for each
signed by the plan’s enrolled actuary. This electronic
employer showing information relative to that employer’s portion
reproduction must be included as a Portable Document Format
of the plan, and submit them as an attachment to the Schedule
(PDF) attachment to the Form 5500 or Form 5500-SF and
SB for the plan. Label the attachment “Schedule SB –
labeled “SB Actuary Signature.”
Information for Each Individual Employer.”
Note. The Schedule SB (Form 5500) does not have to be filed
Line F. Prior Year Plan Size. Check the applicable box based
with the Form 5500-EZ, but it must be retained (in accordance
on the highest number of participants (both active and inactive)
with the Instructions for Form 5500-EZ under the What To File
on any day of the preceding plan year, taking into account
section). Similarly, if a plan is a one-participant plan that meets
participants in all defined benefit plans maintained by the same
the requirements for filing a Form 5500-EZ, but a Form
employer (or any member of such employer’s controlled group)
5500-SF is instead filed for the plan, the Schedule SB does not
who are or were also employees of that employer or member.
have to be filed with the Form 5500-SF. However, it must be
For this purpose, participants whose only defined benefit plan is
retained in accordance with the Instructions for Form 5500-SF
a multiemployer plan (as defined in Code section 414(f)) are not
under the section headed Specific Instructions Only for
counted, and participants who are covered in more than one of
“One-Participant Plans.” The enrolled actuary must complete
the defined benefit plans described above are counted only
and sign the Schedule SB and forward it to the person
once. Inactive participants include vested terminated and retired
responsible for filing the Form 5500-EZ, even if the Schedule
employees as well as beneficiaries of deceased participants. If
SB is not filed.
this is the first plan year that a plan described in this paragraph
Check the Schedule SB box on the Form 5500 (Part II, line
exists, complete this line based on the highest number of
10a(3)) if a Schedule SB is attached to Form 5500. Check “Yes”
participants that the plan is reasonably expected to have on any
on line 11 in Part VI of the Form 5500-SF if a Schedule SB is
day during the first plan year.
required to be prepared for the plan, even if Schedule SB is not
required to be attached to Form 5500-SF (see instructions in
General Instructions, Parts I through VIII, Statement
the Note above, pertaining to “one-participant plans”).
by Enrolled Actuary, and Attachments
Note. This schedule is not filed for a multiemployer plan nor for
Except as noted below, all single and multiple-employer defined
a money purchase defined contribution plan (including a target
benefit plans, regardless of size or type, must complete Parts I
benefit plan) for which a waiver of the minimum funding
through VIII. See instructions for line 27 for additional
requirements is currently being amortized. Information for these
information to be provided for certain plans with special
plans must be filed using Schedule MB (Form 5500).
circumstances.
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Instructions for Schedule SB (Form 5500)

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