True or false; the Form 5500 filing deadlines are identical to those for Form 8955-SSA?

The assertion that the Form 5500 filing deadlines are identical to those for Form 8955-SSA is inaccurate. Form 5500 is used to report information regarding employee benefit plans, while Form 8955-SSA is specifically for reporting separated participants with deferred vested benefits.

The filing deadline for Form 5500 is typically the last day of the seventh month after the plan year ends, with a possible six-month extension available if the appropriate request is submitted. In contrast, the Form 8955-SSA has its own specific deadline that is aligned with, but not identical to, the Form 5500 deadline.

Thus, understanding that these forms serve different purposes and have distinct filing deadlines is crucial for compliance in retirement plan administration.