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Member, Beacon International Group, Ltd.
WASHINGTONThe Labor Department is giving more time to employers and plan administrators affected by Hurricane Katrina to file federally required benefit plan reports.
Filers who need additional time beyond the Oct. 16 deadline to file 2005 reports in the Form 5500 series, such as pension plan annual financial reports, can request an extension to the end of 2006.
The filing extension is available to plan administrators, employers and other entities affected by Hurricane Katrina and located in one or more parishes or counties identified earlier in an Internal Revenue Service notice. An extension also is available to employers outside the affected areas who are unable to obtain the necessary information from service providers, banks or insurance companies located in the areas specified by the IRS.