Retirement Plan Design & Administration Services

ACTION DATES FOR RETIREMENT PLANS

JANUARY

All Plans        31st
1099-R Forms – this form must be issued to participants who received distributions in the prior year.

MARCH

PYE 12/31     15th
ADP/ACP Test Refund – 2 ½ months following the close of the plan year, corrective distributions must be made for failed ADP/ACP tests to avoid an IRS imposed 10% penalty.

FYE 12/31     15th
Contribution Deposit Deadline – 2 ½ months following the close of the fiscal year is the deadline for depositing corporate profit sharing or matching contributions if no extension is filed.

APRIL

All Plans       15th   
402(g) Refund – Distributions must be made for participant deferrals that have exceeded the specific dollar limit applicable for each tax year.

FYE 12/31     15th       
Contribution Deposit Deadline – 3 ½ months following the close of the fiscal year is the deadline for depositing profit sharing or matching contributions for partnerships and Schedule C filers if no extension is filed.

JULY

PYE 12/31     31st              
Form 5500 & Related Schedules Deadline – 7 months following the close of the plan year, Form 5500 and related schedules are due.

PYE 12/31     31st          
Form 5330 – 7 months following the close of the plan year, Form 5330 for payment of excise taxes is due.

PYE 12/31     31st          
Form 8955-SSA – 7 months following the close of the plan year, Form 8955-SSA reporting terminated participants with a vested balance is due.

PYE 12/31     31st           
Form 5558 – Application for Extension of Time must be filed for Form 5500, Form 5330 and Form 8955-SSA due on 7/31.

SEPTEMBER

FYE 12/31     15th         
Final Contribution Deposit Deadline – 8 ½ months following the close of the fiscal year, is the final deadline for depositing corporate profit sharing or matching contributions if extension was filed.

OCTOBER

PYE 12/31     15th                 
Form 5500, Form 5330 and Form 8955-SSA Extended Due Date – 9 ½ months following the close of the plan year, Forms with extensions are due.

FYE 12/31     15th          
Final Contribution Deposit Deadline – 8 ½ months following the close of the fiscal year, is the final deadline for depositing profit sharing or matching contributions for Partnerships and Schedule C filers if extension was filed.

DECEMBER

PYE 12/31     31st                 
ADP/ACP Corrections – 12 months following the close of the plan year, corrective distributions and/or QNEC contributions must be made to prevent plan disqualification.  Excise taxes of 10% will be due on corrective distributions.

All Plans       31st             
Required Minimum Distribution – distributions made on behalf of owners and terminated/retired employees over 70 ½. 

 

NOTE: If your plan or corporation does not operate on a calendar year, the dates not labeled as “All Plans” will be different for your plan or company.  We have indicated the timing that you should apply to your plan or company.