Form 8955-SSA is an informational filing submitted to the Social Security Administration (SSA). It is used to report terminated plan participants who are entitled to retirement plan benefits but have not yet received a distribution.
The SSA uses the information from Form 8955-SSA to notify participants of any retirement benefits they may be owed from a previous employer’s plan when they reach retirement age.
When Is a Participant Reported on Form 8955-SSA?
A participant should be reported if:
- They terminated employment during the plan year, and
- They did not receive a distribution by the end of the following year
Example:
If a participant terminated employment in 2023 and still had an account balance on December 31, 2024, they should be reported on the 2024 Form 8955-SSA.
What Do the 8955- SSA Reporting Codes Mean?
- Code A: The participant is being added to the SSA database (i.e., terminated with a balance not yet distributed).
- Code D: The participant is being deleted from the SSA database (i.e., they have since received their distribution).
When Is Form 8955-SSA Due?
Form 8955-SSA shares the same deadline as the Form 5500:
- Regular deadline: July 31 following the end of the plan year
- Extended deadline: October 15 if a Form 5558 extension is filed for the Form 5500
If your plan is required to file Form 8955-SSA, Ubiquity will prepare and file it on your behalf once the Form 5500 is electronically signed and submitted by the plan.
Need Help?
If you have questions about who should be reported on Form 8955-SSA or need assistance with your plan’s filing, please contact us.