Page:United States Statutes at Large Volume 88 Part 1.djvu/987

 88 STAT. ]

PUBLIC LAW 93-406-SEPT. 2, 1974

943

within or outside the United States) for the purpose of fundingthe payments required by such law, then, in determining for purposes of paragraph (5) of section 404(a) of the Internal Revenue Code of 1954 the taxable year in which any contribution to or under the plan is includible in the gross income of the nonresident alien employees of such employer, such paragraph (5) shall be treated as not requiring that separate accounts be maintained for such nonresident alien employees. (k) RECEIPTS FOR EMPLOYEES.—Section 6051 (relating to receipts for employees) is amended by inserting after "exemption," in subsection (a) the following: "or every employer engaged in a trade or business who pays remuneration for services performed by an employee, including the cash value of such remuneration paid in any medium other than cash,". SEC. 1023. RETROACTIVE CHANGES IN PLAN. Section 401(b) (relating to certain retroactive changes in plan) is amended to read as follows: " (b) CERTAIN RETROACTIVE CHANGES I N P L A N. — A stock bonus, pension, profit-sharing, or annuity plan shall be considered as satisfying the requirements of subsection (a) for the period beginning with the date on which it was put into effect, or for the period beginning with the earlier of the date on which there was adopted or put into effect any amendment which caused the plan to fail to satisfy such requirements, and ending with the time prescribed by law for filing the return of the employer for his taxable year in which such plan or amendment was adopted (including extensions thereof) or such later time as the Secretary or his delegate may designate, if all provisions of the plan which are necessary to satisfy such requirements are in effect by the end of such period and have been made effective for all purposes for the whole of such period." SEC. 1024. EFFECTIVE DATES.

26 USC 404.

26 USC 6051.

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26 USC 401

Except as otherwise provided in section 1021, the amendments made "°'^' by section 1021 shall apply to plan years to which part I applies. Except as otherwise provided in section 1022, the amendments made by section 1022 shall apply to plan years to which part I applies. Section 1023 shall take effect on the date of the enactment of this Act. PART 3—REGISTRATION AND INFORMATION SEC. 1031. REGISTRATION AND INFORMATION. (a)

ANNUAL

REGISTRATION

AND INFORMATION

RETURNS.—Part

III of subchapter A of chapter 61 (relating to information returns) is amended by adding at the end thereof the following new subpart: "SUBPART E—REGISTRATION OF AND INFORMATION CONCERNING PENSION, ETC., PLANS "Sec. 6057. Annual registration, etc. "Sec. 6058. Information required in connection with certain plans of deferred compensation. "Sec. 6059. Periodic report by actuary. " SEC. 6057. ANNUAL REGISTRATION, ETC. "(a)

26 USC 6057.

A N N U A L REGISTRATION.—

"(1) GENERAL RULE.—Within such period after the end of a plan year as the Secretary or his delegate may by regulations prescribe, the plan administrator (within the meaning of section 414(g)) of each plan to which the vesting standards of section 203 "^"^e, p. 925. of part 2 of subtitle B of title I of the Employee Retirement Income Security Act of 1974 applies for such plan year shall file ^"'^' P- ^54. a registration statement with the Secretary or his delegate.

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