IRS revises Form 5300 burden estimate to 86,265 hours
Business entities and individuals filing Form 5300 must note the revised burden estimate, with comments due by Oct. 13, 2026.
The Internal Revenue Service announced a revision to the information collection for Form 5300, lowering the estimated total annual burden to 86,265 hours. The change reflects a substantial decline in filings since Rev. Proc. 2016-37, when individually designed plans shifted away from recurring remedial amendment cycles.
Form 5300 now serves primarily for initial qualification of individually designed plans, certain plan terminations, merged plans, and a limited set of special situations described in the annual Revenue Procedure. The agency estimates 2,700 respondents will each devote 31 hrs., 57 min to complete the form.
The IRS is seeking public comment on the necessity, accuracy, and potential burden reductions for this collection. Written comments must be received on or before Oct 13, 2026 and should reference OMB Number 1545-0197. Submissions may be mailed to Andrés Garcia, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or emailed as directed in the notice.
Commenters are asked to address the collection's practical utility, the precision of the burden estimate, and ways to enhance quality or employ automated techniques. All comments will become part of the public record.
For additional information or copies of the collection, contact Ronald J. Durbala at (202) 317-5746 or via the provided email address.