April 24, 1990
TO: PENSION MEMBERS NO. 19-90
RE: REVISED FORM 5307
__________________________________________________________
Attached is a copy of Form 5307, Application for
Determination for Adopters of Master or Prototype, Regional
Prototype, or Volume Submitter Plans (other than Collectively
Bargained Plans), and accompanying instructions which were just
released by the IRS.
Form 5307 must be filed by any employer who adopts a
nonstandardized prototype plan or who adopts a standardized
prototype plan and (i) has had another qualified plan, or who
adopts another plan in addition to the standardized plan, other
than a paired plan or (ii) maintains a welfare benefit fund
defined in Code Section 419(e) which provides postretirement
medical benefits allocated to separate accounts for key
employees. Such employers cannot rely on the IRS opinion letter
issued to the prototype sponsor.
Unlike earlier versions of Form 5307, the attached form is
designed to be read by optical scanner and the first page must be
typed on the original IRS form. The first page is required to be
filed in duplicate. Copies of original Forms 5307 can be
obtained from the IRS Forms Distribution Center at 1-800-424-
3676.
We will keep you informed of further developments.
W. Richard Mason
Assistant General Counsel
Attachment