Identification Number:
RM 03202 TN 7
Intended Audience:See Transmittal Sheet
Originating Office:DCO OCO OEIO DTPS
Title:Flowcharts and Narrative
Type:POMS Transmittals
Program:Records Maintenance (Earnings & Enumeration)
Link To Reference:
 

PROGRAM OPERATIONS MANUAL SYSTEM
Part RM – Records Maintenance
Chapter 032 – Pension Information Processing System
Subchapter 02 – Flowcharts and Narrative
Transmittal No. 7, 04/20/2020

Audience

OEIO: AMRS Reference and File Clerk;

Originating Component

OCO

Effective Date

Upon Receipt

Background

This is a Quick Action Transmittal. These revisions do not change or introduce new policy or procedure.

 

Summary of Changes

RM 03202.002 Narrative—Clerical Processing of Forms 5500 (Schedule SSA)

Change the title to read: Clerical Processing of Form SSA-8955 (Prior Form 5500 Schedule SSA)

Under Procedure change the following

1. Plan Administrator files with the Internal Revenue Service (IRS) a Schedule SSA, with Form 8955, " Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits", identifying employees who left employment covered by the plan but who have vested rights to future pension benefits.5.

5. change Form 5500 to 8955

 

RM 03202.002 Narrative—Clerical Processing of Form 8955 SSA (Prior Form 5500Schedule SSA)

Procedure

The following is the procedure for processing Form 8955- SSA.

  1. 1. 

    Plan Administrator files with the Internal Revenue Service (IRS) a Schedule SSA, with Form 8955, “Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits"”, identifying employees who left employment covered by the plan but who have vested rights to future pension benefits.

  2. 2. 

    Under ERISA, IRS provides a copy of the non-processable Schedule SSAs to SSA’s Wilkes Barre Direct Operations Center (WBDOC) in Wilkes Barre, Pennsylvania.

  3. 3. 

    The WBDOC screens, microfilms, and keys data from the Schedule SSA.

  4. 4. 

    SSA data keyed at the WBDOC is received in Central Office (CO). The name and SSN data is verified to the NUMIDENT, and the data entered on an Employee Master File.

  5. 5. 

    Under EFAST, SSA receives Form 8955 and Schedule SSA data from Department of Labor’s (DOL) contractor, National Computing Services (NCS). Computer scannable IRS Forms 8955 and Schedules SSA are collected and processed by NCS. The data is then transmitted to SSA electronically.

  6. 6. 

    Under EFAST, any f that NCS are unable to scan are forwarded to WBDOC for manual processing.

  7. 7. 

    SSA receives quarterly files from IRS under ERISA and DOL/NCS under EFAST that identifies plan changes such as moving the administration of one plan to another or any other plan changes.

  8. 8. 

    Individuals identified in these matches are notified of pension plan eligibility reflecting data on the Employee Master File by an ERISA notice (Form L99-C1).

  9. 9. 

    Correspondence received in CO concerning ERISA is directed to an Office of Central Operations (OCO) correspondence group for handling.

  10. 10. 

    Data about the termination or mergers of pension plans is provided to CO by the Pension Benefits Guaranty Corporation (PBGC) for SSA’s pension plan address files.

  11. 11. 

    The IRS provides Employer Identification Number (EIN) redirected information. Under EFAST, the IRS does not provide redirected information.


RM 03202 TN 7 - Flowcharts and Narrative - 4/20/2020