Step 1 of 6 · Who owes the tax
Form 5330 — Section E: Failure to give a §204(h) notice
The $100-a-day tax for each applicable individual who was not told, in time, that a plan amendment would significantly reduce the rate of future benefit accrual.
This return reports Section E taxes only.
A Form 5330 may report the taxes of one section. If you also owe an excise tax from another section, it has its own due date and needs its own Form 5330 — start a second one from the section list.
Due: The last day of the month following the month in which the failure occurred.
Who owes the tax
Form 5330 is filed by whoever is liable for the excise tax. That is not automatically the plan, its sponsor, the account's custodian, the plan administrator, or the person filling this in — and whoever signs is asked for separately, later.