To ensure proper TPA (Third-Party Plan Administrator) tax reporting and 1099-suppression by Interactive Brokers, the applicant must select “Regulated Retirement Trust” as the Trust Type, fill out the W-9 as usual, and then complete the following ERISA trust entries outlined below:
- Trust must be a “Trust with EIN”.
- For federal tax classification, select "Other" and insert "Qualified Retirement Plan" in the text box.
- For the Exemptions codes, enter/select: as Exemption payee code select "1" in the first box; as Exemptions from FATCA reporting code select "A" in the second box.