Archives: Events
401(k) Plan: Notify your Eligible Employees of the Safe Harbor Contributions for 2025
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 2024, you have from October 3 until December 2 to notify your eligible employees of the safe harbor contributions for 2025. If this applies to your plan, the Program … 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 2025, receive the annual notice by December 2. Please refer to the sample notice and information for more details. Add this deadline … Continued
Self-Directed Brokerage Account (“SDBA”) Participant Statements are Distributed
Self-directed brokerage account participant statements are distributed. Add this deadline to your Outlook calendar by clicking here.
3rd Quarter Account Statements
3rd Quarter account statements are available. Add this deadline to your Outlook calendar by clicking here.
File Form 5500 with the DOL
All Plans: Form 5500 is due to be filed electronically with the DOL by October 16, if your firm filed Form 5558 by July 31, 2023. Add this deadline to your Outlook calendar by clicking here.
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 16 if your firm requested a six-month extension of the due date of your firm’s income tax return. Add this deadline to your Outlook calendar by clicking here.
Sole Proprietors & Corporations: Send 2023 Employer Contributions to the Program
Sole Proprietors and Corporations: Send 2023 employer contributions for your firm’s plan to the Program by October 16 if you filed for an extension of your income tax return due date with the IRS. A Contribution Confirmation report will be mailed to you on the next business day following receipt of contributions. Add this … Continued
Thanksgiving
The Program will be closed in observance of the holiday. Add this deadline to your Outlook calendar by clicking here.
Post Thanksgiving Day
The Program will be closed in the afternoon in observance of the holiday. Add this deadline to your Outlook calendar by clicking here.
401(k) Plan: Notify your Eligible Employees of the Safe Harbor Contributions for 2025
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 2023, you have from October 3 until December 2 to notify your eligible employees of the safe harbor contributions for 2023. If this applies to your plan, the Program … Continued
Last Day to Make a Retroactive SH NEC for the 2024 Plan Year
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 2025, today (December 1, 2024) is the last day to make a retroactive safe harbor non-elective contribution for the 2024 plan year. Add this deadline to your … 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 2025, receive the annual notice by December 2. Please refer to the sample notice and information for more details. Add … Continued
Send 2023 Summary Annual Report (“SAR”) if you filed a Form 5558
Distribute the Summary Annual Report (SAR) to all participants and beneficiaries with a balance in the plan by December 15 if you filed Form 5558 to extend the due date of your Form 5500. Add this deadline to your Outlook calendar by clicking here.
Christmas Eve
The Program will be closed in the afternoon in observance of the holiday. Add this deadline to your Outlook calendar by clicking here.
Christmas
The Program will be closed in observance of the holiday. Add this deadline to your Outlook calendar by clicking here.
Distribute Excess Contributions to all Affected Participants
All plans: any 2023 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.) Add this deadline to your Outlook calendar by clicking here.
Make Legally Permitted, Optional Amendments to Existing Plans for 2023
All plans: Make legally permitted, optional amendments to an existing plan for 2023 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
Remind participants to Withdraw their Required Minimum Distribution
All plans: Remind participants who are age 73 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 Years Day
Happy New Year! The Program will be closed in observance of the holiday.
Self-Directed Brokerage Account Participant Statements
The Self-Directed Brokerage Account Participant Statements are distributed.
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 2024 plan year.
Annual Account Statements
Annual Account Statements are available.
Martin Luther King Jr. Day
The Program will be closed in observance of Martin Luther King, Jr. Day.
IRS Form 1099-R Mailed and Available Online
The IRS Form 1099-R is mailed to all participants who received distributions in 2024 and are available online.
IRS Form 1099-R sent to IRS
The IRS Form 1099-R is sent to the IRS by January 31.
401(k) Plans and Corporations Return the Employee Census to the Program
If you sponsor a 401(K) plan and/or your firm is a Corporation: Return the Employee Contribution Census to the Program. Check, correct and complete the Employee and Contribution Census after receiving it via email from the Program. If you have not previously provided the Program with a participant’s termination or rehire date, or your newly … Continued
President’ Day
The Program will be closed in observance of Presidents' Day.