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H.R. 982House116th Congress (2019-2021)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 February 5, 2019

AI-Generated Summary

Updated April 14, 2026 at 1:23 AM UTC

The bill lets a group of retirement plans that share the same trustee, fiduciaries, administrator, plan year start date, and investment options file one combined annual report instead of separate reports for the IRS and ERISA. The Treasury and Labor secretaries will design the joint filing and may require plan‑by‑plan details. It also clarifies how electronic filings for deferred‑compensation plans are counted for filing‑limit rules.

Key Provisions

  • Treasury and Labor will modify the IRS Form 6058 and ERISA Form 104 reporting requirements so that qualifying groups of individual‑account or defined‑contribution plans can submit a single aggregated return that satisfies both statutes.
  • A qualifying group must have the same trustee, named fiduciaries, administrator, plan year start date, and identical investment options for participants.
  • The secretaries may require the combined filing to include specific information for each plan in the group to ensure proper enforcement.
  • Amends the electronic filing rule for deferred‑compensation plans, stating that each plan’s data on a combined return is treated as a separate return for the purpose of the numerical filing limitation.
  • The combined reporting rule must be in place by Jan. 1 2023 and applies to plan years beginning after Dec. 31 2022; the deferred‑compensation amendment applies to plan years beginning after Dec. 31 2019.

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 Labor, 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

February 5, 2019

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HouseIntro Referral

Introduced in House

February 5, 2019

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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

February 5, 2019

Bill Text

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Introduced in HouseIssued February 5, 2019

I

116th CONGRESS

1st Session

H. R. 982

IN THE HOUSE OF REPRESENTATIVES

February 5, 2019

Ms. Sánchez (for herself and Mr. David P. 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 Labor, 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, 2019.

(e)

Effective date

The modification required by subsection (a) shall be implemented not later than January 1, 2023, and shall apply to returns and reports for plan years beginning after December 31, 2022.