President’s Day is observed and the Program will be closed in observance of this holiday. Add this deadline to your Outlook calendar by clicking here.

401(k) Plans: Necessary participant distributions of excess salary deferrals and their earnings as a result of exceeding salary deferral limits through the end of 2023 must be reported to the Program and paid to the participants by March 15. You will need to submit the Corrective Measures for Contributions Form to do so. Add this deadline to your Outlook calendar by clicking here.

401(k) Plans: Any excess contributions and excess aggregate contributions which resulted from a failure of the annual nondiscrimination tests must be distributed by March 15, or your firm will incur a 10% excise tax on the amount of the excess contributions and excess aggregate contributions which were not timely distributed. If your firm’s plan fails the nondiscrimination tests and needs to distribute excess salary deferral contributions to affected participants, you will need to submit the Corrective Measures for Contributions Form to the Program.…

S-Corporations and Partnerships: 2023 employer contributions for your firm’s plan should be sent to the Program by March 15. If your firm extends its income tax return due date by six months, you will have until September 15 (this statement assumes your corporation’s tax year is a calendar year). Remember that you may have assets in your plan’s forfeiture reserve account that either may be used to offset your contribution or can be reallocated to eligible participants, depending on your election in the plan’s Adoption…

The Program will be closed in observance of the holiday. Add this deadline to your Outlook calendar by clicking here.

The self-directed brokerage statements will be distributed. Add this deadline to your Outlook calendar by clicking here.

First quarter account statements will be available. Add this deadline to your Outlook calendar by clicking here.

Sole Proprietors and Corporations: 2023 employer contributions for your firm’s plan should be sent to the Program by April 14. If your firm receives an extension of its income tax return due date, you will have until October 15. Remember that you may have assets in your plan’s forfeiture reserve account that either may be used to offset your contribution or can be reallocated to eligible participants, depending on your election in the plan’s Adoption Agreement. A Contribution Confirmation Report will be mailed to…