Notice Requirements |
Form/Notice |
Due Date |
|
Summary Plan Description |
Within 90 days of becoming eligible |
|
Salary Deferral Form |
Completed on date of eligibility and as needed coinciding with terms of the plan. |
|
Beneficiary Form |
Completed on date of eligibility and as needed |
|
Safe Harbor Notice |
Initial Notice - No later than the eligibility date and no earlier than 90 days prior for newly eligible employees. Annual Notice - 30 – 90 days prior to the start of the Plan Year |
|
Qualified Default Investment Alternative Notice (QDIA) |
Initial Notice - 30 days prior to becoming eligible Annual Notice - 30 days prior to the start of the plan year |
|
Qualified Automatic Contribution Arrangement (QACA) or Eligible Automatic Contribution Arrangement (EACA) Notice |
Initial Notice - No later than the eligibility date and no earlier than 90 days prior for newly eligible employees. Annual Notice - 30 – 90 days prior to the start of the Plan Year |
|
Participant Annual Fee Disclosure |
On or before the date the participant can begin to direct their investments and once annual thereafter |
|
Participant Quarterly Fee Disclosure |
Within 45 days of each quarter end |
|
Participant Statements (meets PPA requirements) |
Participant Directed - within 45 days of each quarter end Trustee Directed - At least annually, due by date Form 5500 is filed (including extensions) |
|
Summary Annual Report |
2 months after the Form 5500 filing deadline (extensions included) |
For more information email info@dbbllc.com or call 315-471-9171 to contact:
Tina D’Agata
Tina is a Senior Manager at Dermody, Burke & Brown in the Retirement Plan Design and Administration department. As an employee at the Firm for over fifteen years, her seasoned experience in the Industry allows her to efficiently design, prepare and administer retirement plans for a variety of clients. Tina personally meets with clients and staff to discuss employee benefit options and assists the CPA Firm with their audits of employee benefit plans. Tina is proactive in her retirement planning approach and attends educational seminars to keep abreast of the many changes that occur within the industry.
Tina is a graduate of Hartwick College and a leading member of Dermody, Burke & Brown’s Young Professional Committee and Wellness Committee. She is a board member and Finance Committee member of the Gingerbread House of Syracuse, a board member and Secretary of the Thousand Island Park Cottage Owners Association, Inc., a member of the United Way of CNY Young Leaders United, and is actively involved with the Blessed Sacrament School. Tina is a 2016 graduate of the Nourishing Tomorrow’s Leaders Program, designed to increase the diversity of not-for-profit boards and leadership in the Central New York area. She is also a 2016 40 Under Forty Honoree.
Madelyn Hornstein, CPA, CEO
Madelyn has been with Dermody, Burke & Brown since 1983 and serves as the Firm’s Chief Executive Officer. She focuses on setting the company’s future course through strategic growth, ensuring continued client success, and maintaining the personal relationships so vital to a successful Firm. In addition to servicing a number of small businesses and high net worth individuals with their accounting and tax needs, Madelyn also heads Dermody, Burke & Brown’s Employee Benefits division. She and her team provide design, set-up and on-going administration of retirement plans. Madelyn ensures that the plans are compliant and also consults on a variety of employee benefit issues and individual retirement planning.
Madelyn is a graduate of SUNY Cortland and holds an MBA from Syracuse University. She is a member of the New York State Society of Certified Public Accountants (NYSSCPA), the American Institute of Certified Public Accountants (AICPA), the Women Presidents’ Organization, and is on the Firm Management and Nominating Committees for Allinial Global. Madelyn serves as a board member for Dryden Mutual Insurance Company, Excellus Blue Cross Blue Shield’s CNY Regional Advisory Board, CenterState CEO and the WISE Women's Business Center. She is also involved with the Professional Advisor Council at Syracuse University. She is a past Treasurer and Chair of the Finance Committee of the Central New York Community Foundation and continues to serve on their Professional Advisor Council.
Mary Beth Madlin
Mary Beth has been with Dermody, Burke & Brown since 1985. As a Senior Manager of the Retirement Plan Design and Administration department, Mary Beth focuses on all facets of retirement planning from plan design to daily administration. She specializes in managing define contribution plans and provides on-going administration of retirement plans for a range of clients.
Mary Beth also provides outside consulting services and reviews plan design, cost structure and administrative practices. Mary Beth is a graduate of Bryant & Stratton College and continues to shape her thirty-two years of knowledge in the industry by attending continuing educational seminars.