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H.R. 1688House115th Congress (2017-2019)In Committee

To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.

Sponsored by Linda T. SánchezRep. Linda T. Sánchez (D-CA)
Introduced March 22, 2017

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Updated April 15, 2026 at 1:58 PM UTC

The bill lets retirement plan sponsors combine the annual reports they must file with the IRS and the Department of Labor. By letting the Treasury and Labor secretaries create a single, aggregated filing for a group of similar plans, the bill reduces duplicate paperwork. It applies to individual‑account and defined‑contribution plans that share the same trustee, fiduciaries, administrator, plan year start date, and investment options, and it sets implementation dates for the new reporting rules.

Key Provisions

  • The Treasury and Labor secretaries will modify the required IRS Form 6058 and ERISA report so that a group of qualifying plans can file one combined annual return that satisfies both laws.
  • A “group of plans” is defined as individual‑account or defined‑contribution plans that have the same trustee, fiduciaries, administrator, plan year start date, and investment options.
  • The secretaries may require the combined report to include any information they need for enforcement of the tax code and ERISA.
  • The rule for electronic filing of deferred‑compensation plan returns is clarified: each plan’s information on a combined return will be treated as a separate return for the purpose of the numerical limitation in the filing rules.
  • The combined‑reporting requirement must be in place by January 1 2021 and will apply to plan years beginning after December 31 2020; the electronic‑filing clarification applies to plan years beginning after December 31 2017.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Ways and Means Committee

March 22, 2017

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HouseIntro Referral

Introduced in House

March 22, 2017

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Ways and Means Committee

March 22, 2017

Bill Text

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Introduced in HouseIssued March 22, 2017

I

115th CONGRESS

1st Session

H. R. 1688

IN THE HOUSE OF REPRESENTATIVES

March 22, 2017

Ms. Sánchez (for herself and Mr. Roe of Tennessee) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes.

1.

Combined annual report for group of plans

(a)

In general

The Secretary of the Treasury and the Secretary of Labor shall, in cooperation, modify the returns required under section 6058 of the Internal Revenue Code of 1986 and the reports required by section 104 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1024) so that all members of a group of plans described in subsection (c) may file a single aggregated annual return or report satisfying the requirements of both such sections.

(b)

Administrative requirements

In developing the consolidated return or report under subsection (a), the Secretary of the Treasury and the Secretary of Labor may require such return or report to include any information regarding each plan in the group as such Secretaries determine is necessary or appropriate for the enforcement and administration of the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974.

(c)

Plans described

A group of plans is described in this subsection if all plans in the group—

(1)

are individual account plans or defined contribution plans (as defined in section 3(34) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1002(34)) or in section 414(i) of the Internal Revenue Code of 1986);

(2)

have—

(A)

the same trustee (as described in section 403(a) of such Act (29 U.S.C. 1103(a)));

(B)

the same one or more named fiduciaries (as described in section 402(a) of such Act (29 U.S.C. 1102(a)));

(C)

the same administrator (as defined in section 3(16)(A) of such Act (29 U.S.C. 1002(16)(A))) and plan administrator (as defined in section 414(g) of the Internal Revenue Code of 1986); and

(D)

plan years beginning on the same date; and

(3)

provide the same investments or investment options to participants and beneficiaries.

A plan not subject to title I of the Employee Retirement Income Security Act of 1974 shall be treated as meeting the requirements of paragraph (2) as part of a group of plans if the same person that performs each of the functions described in such paragraph, as applicable, for all other plans in such group performs each of such functions for such plan.
(d)

Clarification relating to electronic filing of returns for deferred compensation plans

(1)

In general

Section 6011(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

(5)

Application of numerical limitation to returns relating to deferred compensation plans

For purposes of applying the numerical limitation under paragraph (2)(A) to any return required under section 6058, information regarding each plan for which information is provided on such return shall be treated as a separate return.

.

(2)

Effective date

The amendment made by paragraph (1) shall apply to returns required to be filed with respect to plan years beginning after December 31, 2017.

(e)

Effective date

The modification required by subsection (a) shall be implemented not later than January 1, 2021, and shall apply to returns and reports for plan years beginning after December 31, 2020.