§ 6047. Information relating to certain trusts and annuity plans
(a)
Trustees and insurance companies
The trustee of a trust described in section
401
(a) which is exempt from tax under section
501
(a) to which contributions have been paid under a plan on behalf of any owner-employee (as defined in section
401
(c)(3)), and each insurance company or other person which is the issuer of a contract purchased by such a trust, or purchased under a plan described in section
403
(a), contributions for which have been paid on behalf of any owner-employee, shall file such returns (in such form and at such times), keep such records, make such identification of contracts and funds (and accounts within such funds), and supply such information, as the Secretary shall by forms or regulations prescribe.
(b)
Owner-employees
Every individual on whose behalf contributions have been paid as an owner-employee (as defined in section
401
(c)(3))—
shall furnish the trustee, insurance company, or other person, as the case may be, such information at such times and in such form and manner as the Secretary shall prescribe by forms or regulations.
(d)
Reports by employers, plan administrators, etc.
(1)
In general
The Secretary shall by forms or regulations require that—
(A)
the employer maintaining, or the plan administrator (within the meaning of section 414(g)) of, a plan from which designated distributions (as defined in section
3405
(e)(1)) may be made, and
(B)
any person issuing any contract under which designated distributions (as so defined) may be made,
make returns and reports regarding such plan (or contract) to the Secretary, to the participants and beneficiaries of such plan (or contract), and to such other persons as the Secretary may by regulations prescribe. No return or report may be required under the preceding sentence with respect to distributions to any person during any year unless such distributions aggregate $10 or more.
(e)
Employee stock ownership plans
The Secretary shall require—
(1)
any employer maintaining, or the plan administrator (within the meaning of section 414(g)) of, an employee stock ownership plan which holds stock with respect to which section
404
(k) applies to dividends paid on such stock, or
to make returns and reports regarding such plan, transaction, or loan to the Secretary and to such other persons as the Secretary may prescribe. Such returns and reports shall be made in such form, shall be made at such time, and shall contain such information as the Secretary may prescribe.
(f)
Designated Roth contributions
The Secretary shall require the plan administrator of each applicable retirement plan (as defined in section
402A) to make such returns and reports regarding designated Roth contributions (as defined in section
402A) to the Secretary, participants and beneficiaries of the plan, and such other persons as the Secretary may prescribe.
(g)
Cross references
(1)
For provisions relating to penalties for failures to file returns and reports required under this section, see sections
6652
(e),
6721, and
6722.
(3)
For provisions relating to penalty for failure to comply with the provisions of subsection (d), see section
6704.