2026-16397NoticeWallet

IRS Flags Employee Plan App Paperwork Hassle

Published Date: 8/12/2026

Notice

Summary

In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Paperwork burden reduced for Form 5300

If you are an eligible plan sponsor who files Form 5300, the IRS estimates the collection now involves 2,700 respondents spending about 31 hours and 57 minutes each, for a total annual burden of 86,265 hours. The notice reflects a revision that reduces the estimated total annual paperwork burden to 86,265 hours.

Form 5300 now used only in limited situations

The IRS states that since Revenue Procedure 2016-37, individually designed plans generally no longer file on recurring remedial amendment cycles and determination letters are available only in limited circumstances, such as initial qualification, plan termination, certain merged plans, and other situations announced by IRS guidance. The overwhelming majority of qualified retirement plans now use pre-approved plans, which generally do not require Form 5300.

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Key Dates

Published Date
Comments Due
8/12/2026
10/13/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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