On November 5, 2010, the Internal Revenue Service (“IRS”) posted an alert on its website notifying plan sponsors that their Form 5558 (Application for Extension of Time to File Certain Employee Benefit Returns) requesting an extension to file may have been inadvertently denied. If any plan sponsor believes that their request for an extension to file a Form 5500 Annual Return/Report was improperly denied, the IRS has requested that the plan sponsor return the denial letter and proof that the original Form 5558 requesting the extension was timely filed. The IRS indicates that the internal error has been identified and steps have been taken to correct the problem.