2018 retirement plan dates and deadlines

November 21, 2018

The holidays are drawing near, which means it’s time for your annual retirement plan key dates reminder from the ABA Retirement Funds Program (“the Program”).

If your firm maintains a qualified defined contribution retirement plan such as a profit sharing or 401(k) plan there are many important dates and deadlines you need to know about. The Program is providing the following list of important dates* for qualified retirement plans. Whether your firm participates in the Program or not we hope you will find this friendly reminder helpful in the administration of your firm’s plan.

 

Date

Action Due

December 31, 2018 Plan amendment to remove Safe Harbor status for the following plan year
December 31, 2018 Make annual required minimum distributions (RMDs)
January 31, 2019 2018 distribution reporting to distributees (Form 1099-R)
January 31, 2019 Return of withheld Federal income tax for 2018 (Form 945) to IRS
February 28, 2019 2018 distribution reporting to IRS (Form 1099-R – paper filing)
March 15, 2019 Corrective distributions for failed 2018 ADP/ACP test
March 15, 2019
(for late filing: Sept. 16, 2019)
Contribution deadline for deductibility of employer contributions for
S Corporations (Form 1120S) and Partnerships (Form 1065)
March 31, 2019 2018 distribution reporting to IRS (Form 1099-R – electronic filing)
April 15, 2019
(for late filing: Oct. 15, 2019)
Contribution deadline for deductibility of employer contributions for Sole Proprietors (Form 1040, Schedule C) and C Corporations (Form 1120)
July 31, 2019
(for late filing: Oct. 15, 2019)
Form 5500 due to IRS
September 30, 2019 Summary Annual Report due to participants
October 2, 2019 401(k) Plan Safe Harbor Notice (between October 2 and December 1)
December 1, 2019 QDIA, Auto-Enrollment, and Safe Harbor Notices due to participants
* This list is illustrative and is intended for general use. It is not intended as a comprehensive guide, nor is it intended as a substitute for specific plan guidance for your plan. All dates and deadlines included herein are applicable to plans with a calendar year plan year and employers with a calendar year tax year. Please consult your current provider for information which specifically applies to your firm’s plan.

 

Some New

2019

Plan Limits!

Elective Deferral [401(k) not including catch-ups]

$19,000

Catch-up Contributions to 401(k)

$6,000

Defined Contribution Plan Contributions

$56,000

Annual Compensation Limit

$280,000

Income Subject to Social Security Tax

$132,900

 

About the ABA Retirement Funds Program:

The ABA Retirement Funds Program currently services over 4,000 law firm retirement plans with more than $6 billion across the United States. The Program helps law firms of all sizes with this important benefit. Please contact us using the information below if you have any questions or need additional information.

 

Please read the Program Annual Disclosure Document (April 2018) carefully before investing. This Disclosure Document contains important information about the Program and investment options. For email inquiries, contact us at: joinus@abaretirement.com.

Registered representative of and securities offered through Voya Financial Partners, LLC (Member SIPC).

Voya Financial Partners is a member of the Voya family of companies (“Voya”). Voya and the ABA Retirement Funds are separate, unaffiliated entities, and not responsible for one another’s products and services.

CN1119-46479-1220D

(11/2018)

Please click here to view the latest Program investment information.

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