True or false; Forms 5500-EZ and 8955-SSA are filed with the IRS?

The correct response acknowledges that both Forms 5500-EZ and 8955-SSA are indeed filed with the IRS, making the statement true. Form 5500-EZ is specifically used for reporting information about one-participant retirement plans and certain foreign plans, while Form 8955-SSA reports information regarding separated participants with deferred vested benefits. Both forms are components of the regulatory requirements intended to inform the IRS about the status of retirement plans, ensuring compliance with the relevant tax laws.

This understanding highlights the importance of accurate filings to the IRS for maintaining the tax-qualified status of retirement plans. In contrast to other forms that may be filed with the Department of Labor (DOL) or state agencies, these particular forms serve a distinct purpose under IRS jurisdiction. This distinction underscores the need for plan administrators to be aware of their filing obligations to the correct agency, emphasizing the regulatory framework surrounding retirement benefit plans.