The Pension Benefit Guaranty Corp. is giving plan sponsors more time to submit premium payments and other filings due to the coronavirus pandemic.
The agency said April 10 that due dates between April 1 and July 14 are now extended to July 15.
"PBGC understands the far-reaching effects COVID-19 is having on workers, families and companies across the country," PBGC Director Gordon Hartogensis said in a statement. "This move will offer flexibilities to deliver relief that many employers and pension plan service providers need during this unprecedented time."
The decision follows one by the Internal Revenue Service to delay the Form 5500 due date in response to COVID-19. The IRS also said due dates falling between April 1 through July 14 are extended to July 15.
But the PBGC said the extended deadlines do not apply to filings and actions "that involve particularly important or time-sensitive information where there may be a high risk of substantial harm to participants or PBGC's insurance program," including advance notices of reportable events, large missed contribution notices, inability to pay benefits when due or loan defaults. Filers may request individual extensions for those situations.