IRS Extends Prototype SEP and SIMPLE IRA Plan Approval Information Collection

The Internal Revenue Service announced an extension of the information collection for prototype Simplified Employee Pension (SEP) and Savings Incentive Match Plans for Employees of Small Employers (SIMPLE IRA) plan approval. The collection is identified by OMB Number 1545-0199 and uses Form 5306-A. No changes are being made to the form at this time.

The collection enables sponsors of prototype SEP and SIMPLE IRA plans to request IRS approval of their plan documents before the agency issues an opinion letter, ensuring compliance with Internal Revenue Code sections 408(k) and 408(p). The affected public is described as business or other for-profit organizations.

The IRS is seeking written comments on the necessity, burden accuracy, quality, and cost estimates of the collection. Comments must be received on or before December 7, 2026 and should be directed to Andrés García, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or emailed with the subject line "OMB Number: 15450199--Public Comment Request Notice." For additional information, contact Ronald J. Durbala at (202) 317-5746 or via email.

The notice estimates six respondents, each spending 19 hrs., 22 min. to complete the collection, for a total annual burden of 116 hours. This extension is classified as a type of review that continues a currently approved collection.