Title 26 — Internal Revenue Code
Part I · Chapter 68 — Additions to the Tax, Additional Amounts, and Assessable Penalties
§ 6692. Failure to file actuarial report
Statutory text
The plan administrator (as defined in section 414(g)) of each defined benefit plan to which section 412 applies who fails to file the report required by section 6059 at the time and in the manner required by section 6059, shall pay a penalty of $1,000 for each such failure unless it is shown that such failure is due to reasonable cause.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Employee Retirement Income Security Act of 1974
Pub. L. 93–406 title II § 1033(b) · 88 Stat. 829
Enacted · 26 U.S.C. § 6692
(Added Pub. L. 93–406, title II, § 1033(b), Sept. 2, 1974, 88 Stat. 948.)
Source evidence
Code source credit
(Added Pub. L. 93–406, title II, § 1033(b), Sept. 2, 1974, 88 Stat. 948.)Enacted provision · exact public law section
(b) Assessable Penalties.— Subchapter B of chapter 68 (relating Ante, p. 946. to assessable penalties) is amended by adding at the end thereof the following new section: “SEC. 6692. FAILURE TO FILE ACTUARIAL REPORT. “The plan administrator (as defined in section 414(g)) of each Ante, p. 925. Ante, p. 914. Ante, p. 947. defined benefit plan to which section 412 applies who fails to file the report required by section 6059 at the time and in the manner required by section 6059, shall pay a penalty of $1,000 for each such failure unless it is shown that such failure is due to reasonable cause.”
1 of 1 references resolved to an enrolled provision
Statutory Notes and Related Subsidiaries
Effective Date
Section effective , see section 1034 of Pub. L. 93–406, set out as a note under section 6057 of this title.
Credits
(Added Pub. L. 93–406, title II, § 1033(b), , 88 Stat. 948.)