Archives: Events
Sole Proprietors & Corporations: File Form 5500 with the DOL
Sole Proprietors and Corporations: Form 5500 is due to be filed electronically with the DOL by October 15 if your firm requested a six-month extension of the due date of your firm’s income tax return.
S-Corporations & Partnerships: Send the 2020 Summary Annual Report
S-Corporations and Partnerships: Send the 2020 Summary Annual Report (SAR) to defined contribution plan participants by November 15 if your firm filed for an extension of the due date for its income tax return and did not file a Form 5558. To add this deadline to your Outlook calendar just click this link and … Continued
Thanksgiving
The Program will be closed in observance of the holiday.
Post Thanksgiving Day
The Program will be closed in observance of the holiday.
401(k) Plan: Notify your eligible employees of the safe harbor contributions for 2022
401(k) Plans Intended to Comply with the Traditional or Automatic Enrollment Safe Harbor Requirements: If you sponsor a 401(k) plan intended to meet safe harbor requirements in 2022, you have from October 3 until December 2 to notify your eligible employees of the safe harbor contributions for 2022. If this applies to your plan, the … Continued
Send Qualified Default Investment Alternative (“QDIA”) to participants
All Plans: If you have elected a Qualified Default Investment Alternative (QDIA) for your plan, it is required that all participants and beneficiaries on whose behalf an investment in a QDIA may be made in 2022, receive the annual notice by December 2. Please refer to the sample notice and information for more details. To … Continued
Christmas (observed)
The Program will be closed in the afternoon in observance of the holiday.
Make legally permitted, optional amendments to existing plans for 2020
All plans: Make legally permitted, optional amendments to an existing plan for 2020 by today. These changes must be adopted by the last day of the plan year in which the change becomes effective. (If the change eliminates a right or reduces future benefits, it must be adopted in advance of the effective date and, … Continued
Distribute excess contributions to all affected participants
All plans: any 2020 excess contributions must be distributed to all affected participants to avoid a disqualifying event. (Corrective measures rules can be complex; see the instructions attached to the Corrective Measures for Contributions Form for more information.) To add this deadline to your Outlook calendar just click this link and save the meeting reminder: … Continued
Remind participants to withdraw their Required Minimum Distribution
All plans: Remind participants who are age 72 or older that they may need to withdraw their required minimum distribution (RMD) by December 31 if they are subject to the regulations (i.e., they are no longer employed by your firm or they were 5% or more owners* in the year they attained age 72). The … Continued
New Year’s Day
Happy New Year! The Program will be closed in observance of the holiday.
Program’s annual census offer to provide nondiscrimination testing and/or calculation contributions
For plans with a plan year end of 12/31, a communication will be distributed asking if assistance is needed for contribution calculation and/or nondiscrimination test for the 2021 plan year.
Self-Directed Brokerage Account Participant Statements are distributed
The Self-Directed Brokerage Account Participant Statements are distributed.