FAQs - Form 8955-SSA - When the benefits of a deferred vested participant are transferred from one plan to another, how do I report the participant?

 

In this case, the plan administrators of both the transferor plan (original plan) and the transferee plan (new plan) should report information regarding the deferred vested participant. See Form 8955-SSA Instructions (PDF), Transfer of a Participant’s Benefit to the Plan of a New Employer.

The administrator of the original plan must report on Part III, Line 9, using Entry Code D, removing the information previously reported under the plan for deferred vested participants, indicating that the deferred vested participant’s benefits have been transferred to another plan, and this participant is no longer entitled to those deferred vested benefits under the original plan. 

The administrator of the new plan must report on Part III, Line 9, using Entry Code C specifying the original plan number in column (h) and EIN in column (i), indicating that the deferred vested participant who was previously reported under the original plan will now be receiving a future benefit from this new plan. In the rare case that the original plan sponsor’s EIN and original plan number are not available, the new plan administrator should report on Part III, Line 9, using Entry Code A.

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