Federal Return of Excise Taxes Related to Employee Benefit Plans

Return of Excise Taxes Related to Employee Benefit Plans
Form 5330 (Rev. December 2022)
Form

5330

Return of Excise Taxes Related to Employee Benefit Plans

(Rev. December 2022)
Department of the Treasury
Internal Revenue Service

(under sections 4965, 4971, 4972, 4973(a)(3), 4975, 4976, 4977, 4978, 4979,
4979A, 4980, and 4980F of the Internal Revenue Code)
Go to www.irs.gov/Form5330 for instructions and the latest information.

Filer tax year beginning
A

OMB No. 1545-0575

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and ending

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B Filer’s identifying number (Enter either the
EIN or SSN, but not both. See instructions.)

Name of filer (see instructions)
Number, street, and room or suite no. (If a P.O. box or foreign address, see instructions.)

Employer identification number (EIN)

City or town, state or province, country, and ZIP or foreign postal code

Social security number (SSN)

C

Name of plan

E Plan sponsor’s EIN

D

Name and address of plan sponsor

F Plan year ending (MM/DD/YYYY)

H

If this is an amended return, check here

Part I

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G Plan number

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Taxes. You can only complete one section of Part I for each Form 5330 filed. See instructions.
FOR
IRS
USE
ONLY

Section A. Taxes that are reported by the last day of the 7th month after the end of the tax year
of the employer (or other person who must file the return)
1

Section 4972 tax on nondeductible contributions to qualified plans (from Schedule A, line 12) .

161

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2

Section 4973(a)(3) tax on excess contributions to section 403(b)(7)(A) custodial accounts (from
Schedule B, line 12) . . . . . . . . . . . . . . . . . . . . . . . . .

164

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3a Section 4975(a) tax on prohibited transactions (from Schedule C, line 3) .
b Section 4975(b) tax on failure to correct prohibited transactions . . . .

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159
224

3a
3b

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Section 4976 tax on disqualified benefits for funded welfare plans .

5a Section 4978 tax on ESOP dispositions . . . .
b The tax on line 5a is a result of the application of:
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Sec. 664(g)

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200

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Sec. 1042

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209

5a
5b

203

6

Section 4979A tax on certain prohibited allocations of qualified ESOP securities or ownership of
synthetic equity . . . . . . . . . . . . . . . . . . . . . . . . . . .

7
Total Section A taxes. Add lines 1 through 6. Enter here and on Part II, line 17 . . . . . .
Section B. Taxes that are reported by the 15th day of the 10th month after the last day of the plan year
8a Section 4971(a) tax on failure to meet minimum funding standards (from Schedule D, line 2) .
b Section 4971(b) tax for failure to correct minimum funding standards . . . . . . .

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163

9a Section 4971(f)(1) tax on failure to pay liquidity shortfall (from Schedule E, line 4)
b Section 4971(f)(2) tax for failure to correct liquidity shortfall . . . . . . .

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226

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225

227

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8a
8b
9a
9b

10a

Section 4971(g)(2) tax on failure to comply with a funding improvement or rehabilitation plan (see
450
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10a
b Section 4971(g)(3) tax on failure to meet requirements for plans in endangered or critical status
451 10b
(from Schedule F, line 1c) . . . . . . . . . . . . . . . . . . . . . . .
452
c Section 4971(g)(4) tax on failure to adopt rehabilitation plan (from Schedule F, line 2d) . . .
10c
d Section 4971(h) tax on failure of a CSEC plan sponsor to adopt funding restoration plan (from
Schedule L, line 2) . . . . . . . . . . . . . . . . . . . . . . . . . .
453 10d
Section B1. Tax that is reported by the last day of the 7th month after the end of the calendar year in which the excess fringe
benefits were paid to the employer’s employees
11

Section 4977 tax on excess fringe benefits (from Schedule G, line 4)

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201

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Total Section B taxes. Add lines 8a through 10d or 11. Enter here and on Part II, line 17 . .
Section C. Tax that is reported by the last day of the 15th month after the end of the plan year
13

Section 4979 tax on excess contributions to certain plans (from Schedule H, line 2). Enter here
and on Part II, line 17 . . . . . . . . . . . . . . . . . . . . . . . . .

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Cat. No. 11870M

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Form 5330 (Rev. 12-2022)

Page 2

Form 5330 (Rev. 12-2022)

Name of filer:
Filer’s identifying number:
Section D. Tax that is reported by the last day of the month following the month in which the reversion occurred
14

Section 4980 tax on reversion of qualified plan assets to an employer (from Schedule I, line 3).
Enter here and on Part II, line 17 . . . . . . . . . . . . . . . . . . . . .
204
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Section E. Tax that is reported by the last day of the month following the month in which the failure occurred
15

Section 4980F tax on failure to provide notice of significant reduction in future accruals (from
Schedule J, line 5). Enter here and on Part II, line 17 . . . . . . . . . . . . . . .
228
15
Section F. Taxes reported on or before the 15th day of the 5th month following the close of the entity manager’s tax year
during which the plan became a party to a prohibited tax shelter transaction
16

Section 4965 tax on prohibited tax shelter transactions for entity managers (from Schedule K,
line 2). Enter here and on Part II, line 17 . . . . . . . . . . . . . . . . . . .

Part II

237

16

Tax Due

17

Enter the amount from Part I, line 7, 12, 13, 14, 15, or 16 (whichever is applicable) .

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18

Enter the amount of tax paid with Form 5558 or any other tax paid prior to filing this return .

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18

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Tax due. Subtract line 18 from line 17. If the result is greater than zero, enter here .

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Sign
Here
Paid
Preparer
Use Only

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Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Your signature
Print/Type preparer’s name

Telephone number
Preparer’s signature

Date

Date
Check
if
self-employed

Firm’s name

Firm’s EIN

Firm’s address

Phone no.

PTIN

Form 5330 (Rev. 12-2022)

Page 3

Form 5330 (Rev. 12-2022)

Name of filer:

Filer’s identifying number:

Schedule A. Tax on Nondeductible Employer Contributions to Qualified Employer Plans (Section 4972) Reported by the last
day of the 7th month after the end of the tax year of the employer (or other person who must file the return)
1

Total contributions for your tax year to your qualified employer plan (under section 401(a), 403(a),
408(k), or 408(p)) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

2

Amount allowable as a deduction under section 404

3

Subtract line 2 from line 1

4

Enter amount of any prior year nondeductible contributions made for years
beginning after 12/31/86 . . . . . . . . . . . . . . . . . .

4

Amount of any prior year nondeductible contributions for years beginning
after 12/31/86 returned to you in this tax year for any prior tax year . . . .

5

6

Subtract line 5 from line 4

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6

7

Amount of line 6 carried forward and deductible in this tax year .

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7

8

Subtract line 7 from line 6

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9

Tentative taxable excess contributions. Add lines 3 and 8 .

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5

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2

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3

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8

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9

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10

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10

Nondeductible section 4972(c)(6) or (7) contributions exempt from excise tax

11

Taxable excess contributions. Subtract line 10 from line 9 .

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11

12

Multiply line 11 by 10%. Enter here and on Part I, line 1

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Schedule B. Tax on Excess Contributions to Section 403(b)(7)(A) Custodial Accounts (Section 4973(a)(3)) Reported by the last
day of the 7th month after the end of the tax year of the employer (or other person who must file the return)
1

Total amount contributed for current year less rollovers. See instructions .

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1

2

Amount excludable from gross income under section 403(b). See instructions

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2

3

Current year excess contributions. Subtract line 2 from line 1. If zero or less, enter -0-

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3

4

Prior year excess contributions not previously eliminated. If zero, go to line 8

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4

5

Contribution credit. If line 2 is more than line 1, enter the excess; otherwise, enter -0- .

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5

6

Total of all prior years’ distributions out of the account included in your gross income under section
72(e) and not previously used to reduce excess contributions
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6

7

Adjusted prior years’ excess contributions. Subtract the total of lines 5 and 6 from line 4

8

Taxable excess contributions. Add lines 3 and 7 .

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9

Multiply line 8 by 6% .

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10

Enter the value of your account as of the last day of the year .

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11

Multiply line 10 by 6%

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12

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7

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8

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9

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10

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11

Excess contributions tax. Enter the lesser of line 9 or line 11 here and on Part I, line 2 .

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Form 5330 (Rev. 12-2022)

Page 4

Form 5330 (Rev. 12-2022)

Name of filer:

Filer’s identifying number:

Schedule C. Tax on Prohibited Transactions (Section 4975) (see instructions) Reported by the last day of the 7th month after the
end of the tax year of the employer (or other person who must file the return)
1

Is the excise tax a result of a prohibited transaction that was (box “a” or box “b” must be checked):
discrete
b
other than discrete (a lease or a loan)
a

2

Complete the table below to disclose the prohibited transactions and figure the initial tax. See instructions.

(a)
Transaction
number

(b) Date
of transaction
(see instructions)

(d) Amount involved
in prohibited
transaction
(see instructions)

(c) Description of prohibited transaction

(e) Initial tax on prohibited
transaction (multiply each
transaction in column (d) by
the appropriate rate
(see instructions))

(i)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

(viii)

(ix)

(x)

(xi)

(xii)
3

Add amounts in column (e); enter here and on Part I, line 3a .

4

Have you corrected all of the prohibited transactions that you are reporting on this return? If “Yes,” complete
Schedule C, line 5, on the next page. If “No,” attach statement. See instructions
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3
Yes

No

Form 5330 (Rev. 12-2022)

Page 5

Form 5330 (Rev. 12-2022)

Name of filer:

Filer’s identifying number:

Schedule C. Tax on Prohibited Transactions (Section 4975) Reported by the last day of the 7th month after the end of the tax
year of the employer (or other person who must file the return) (continued)
5

Complete the table below, if applicable, of other participating disqualified persons and description of correction. See instructions.

(a)
Item no.
from line 2

(b)
Name and address of
disqualified person

(d)
Date of
correction

(c)
EIN or SSN

(e)
Description of correction

Schedule D. Tax on Failure To Meet Minimum Funding Standards (Section 4971(a)) Reported by the 15th day of the 10th month
after the last day of the plan year
1
2

Aggregate unpaid required contributions (accumulated funding deficiency for multiemployer plans).
See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Multiply line 1 by 10% (5% for multiemployer plans). Enter here and on Part I, line 8a . . . . . .

1
2

Schedule E. Tax on Failure To Pay Liquidity Shortfall (Section 4971(f)(1)) Reported by the 15th day of the 10th month after the
last day of the plan year
(a) 1st Quarter

1
2
3
4

(b) 2nd Quarter

Amount of shortfall . . . . . . . 1
Shortfall paid by the due date . . . 2
Net shortfall amount . . . . . . 3
Multiply line 3, column (e), by 10%. Enter here and on Part I, line 9a

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(c) 3rd Quarter

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(d) 4th Quarter

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(e) Total
(add cols. a–d
for line 3)

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Form 5330 (Rev. 12-2022)

Page 6

Form 5330 (Rev. 12-2022)

Name of filer:

Filer’s identifying number:

Schedule F. Tax on Multiemployer Plans in Endangered or Critical Status (Sections 4971(g)(3) and 4971(g)(4)) Reported by the
15th day of the 10th month after the last day of the plan year
1

Section 4971(g)(3) tax on failure to meet requirements for plans in endangered or critical status.
a Enter the amount of contributions necessary to meet the applicable benchmarks or requirements . .
b Enter the amount of the accumulated funding deficiency . . . . . . . . . . . . . . .
c Multiply the greater of line 1a or line 1b by 5%. Enter the result here and on Part I, line 10b . . . .
2
Section 4971(g)(4) tax on failure to adopt rehabilitation plan.
a Enter the amount of the excise tax on the accumulated funding deficiency under section 4971(a)(2) from
Schedule D, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Enter the number of days during the tax year which are included
day following the close of the 240-day period and ending on
adopted . . . . . . . . . . . . . . . . . . .
c Multiply line 2b by $1,100 . . . . . . . . . . . . .
d Enter the greater of line 2a or line 2c here and on Part I, line 10c .

in the period beginning on the first
the day the rehabilitation plan is
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1a
1b
1c

2a

2c
2d

Schedule G. Tax on Excess Fringe Benefits (Section 4977) Reported by the last day of the 7th month after the end of the
calendar year in which the excess fringe benefits were paid to the employer’s employees
1
2
3
4

Yes
Did you make an election to be taxed under section 4977? . . . . . . .
If “Yes,” enter the calendar year (YYYY) in which the excess fringe benefits were paid:
If line 1 is “Yes,” enter the excess fringe benefits on this line. See instructions . . . . .
Enter 30% of line 3 here and on Part I, line 11 . . . . . . . . . . . . . . . .

No
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4

Schedule H. Tax on Excess Contributions to Certain Plans (Section 4979) Reported by the last day of the 15th month after
the end of the plan year
1
2

Enter the amount of an excess contribution under a cash or deferred arrangement that is part of a plan
qualified under section 401(a), 403(a), 403(b), 408(k), or 501(c)(18) or excess aggregate contributions .
Multiply line 1 by 10% and enter here and on Part I, line 13 . . . . . . . . . . . . . .

1
2

Schedule I. Tax on Reversion of Qualified Plan Assets to an Employer (Section 4980) Reported by the last day of the month
following the month in which the reversion occurred
1
2a
3
4

DD
YY
Date reversion occurred . . . . . . . . . . . . MM
Employer reversion amount:
b Excise tax rate (20% or 50%):
Multiply line 2a by line 2b and enter the amount here and on Part I, line 14 . . . . . . .
Explain below why you qualify for a 20% rather than a 50% excise tax rate:

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Schedule J. Tax on Failure To Provide Notice of Significant Reduction in Future Accruals (Section 4980F) Reported by the
last day of the month following the month in which the failure occurred
1
2
3
4
5
6

Enter the number of applicable individuals who were not provided ERISA section 204(h) notice:
Enter the effective date of the amendment . . . . . . MM
DD
YY
Enter the number of days in the noncompliance period:
Enter the total number of failures to provide ERISA section 204(h) notice. See instructions . .
Multiply line 4 by $100. Enter here and on Part I, line 15 . . . . . . . . . . . . .
Provide a brief description of the failure, and of the correction, if any:

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5

Schedule K. Tax on Prohibited Tax Shelter Transactions (Section 4965) Reported on or before the 15th day of the 5th month
following the close of the entity manager’s tax year during which the plan became a party to a prohibited tax shelter transaction
1
2

Enter the number of prohibited tax shelter transactions you caused the same plan to be a party to:
Multiply line 1 by $20,000. Enter the result here and on Part I, line 16 . . . . . . . .

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2

Schedule L. Tax on Failure of a CSEC Plan Sponsor To Adopt Funding Restoration Plan (Section 4971(h)) Reported by the 15th
day of the 10th month after the last day of the plan year
1

2

Enter the number of days during the tax year which are included in the period beginning on the day
following the close of the 180-day period described in section 433(j)(3) and ending on the day on
which the funding restoration plan is adopted . . . . . . . . . . . . . .
Multiply line 1 by $100. Enter the result here and on Part I, line 10d . . . . . . . . . . . .

2
Form 5330 (Rev. 12-2022)