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TPSnewsflash BE04-0027: As communicated to clients back in July, pension and welfare benefit plans generally are required to file an annual return/report regarding their financial condition, investments, and operations. Filing the Form 5500 Annual Return/Report for Employee Benefit Plans and any required attachments generally satisfies the annual reporting requirement. The initial filing deadline was July 31, 2004 for calendar year-end plans. At that time, if you had not received a Form 5500 for signing from us, our specialists automatically filed for a 2-1/2 month extension—making Friday, October 15, 2004 the extended filing deadline for your plan. Please note if the Form 5500 is filed beyond the extended deadline mentioned above, there is a $25-a-day fine imposed, up to a maximum of $15,000 paid to the IRS. In the event you have already filed your form 5500, no further action needs to be taken at this time. ThePensionSpecialists,Ltd. holds dearly its commitment at providing superior service and superior advice to its current clients and future prospects.
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