Federal Register #2026-20624

IRS Request for Comments on Form 5306-A Information Collection for Prototype SEP and SIMPLE IRA Plans

The Department of the Treasury’s Internal Revenue Service is seeking public comments on the information collection associated with Form 5306-A for prototype SEP and SIMPLE IRA plan approval. - Government buyer: U.S. Department of the Treasury, Internal Revenue Service (IRS); no sub-agency or office is specified. - Opportunity type: Public comment request for an information collection, not a procurement or contract award. - Purpose: Sponsors of prototype Simplified Employee Pension (SEP) and SIMPLE IRA plans use Form 5306-A to request IRS approval of their plan documents. The IRS reviews the information to determine whether the plans meet Internal Revenue Code requirements before issuing an opinion letter. - Collection and burden: This is an extension of an existing collection, with no changes to the form. The IRS estimates 6 respondents, approximately 19 hours and 22 minutes per respondent, and 116 total annual burden hours. - Requested input: Comments are sought on the collection’s necessity and practical utility, burden estimates, ways to improve the information collected or reduce respondent burden, and related costs. - OEMs, vendors, products, and services: None identified; no goods or vendor services are being purchased.

Description

The Internal Revenue Service is requesting comments on the information collection for Form 5306-A, used by sponsors of prototype Simplified Employee Pension (SEP) and SIMPLE IRA plans to request IRS approval of their plan documents. The information helps the IRS determine whether the prototype plans satisfy Internal Revenue Code requirements before issuing an opinion letter. The notice seeks comments on the necessity and burden of the collection, ways to improve or reduce that burden, and related cost estimates. Written comments should be received by December 7, 2026.

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