Upcoming Deadlines for calendar-year Plans May 15th – Quarterly Benefit StatementDeadline for participant-directed Plans to provide participants their quarterly benefit/disclosure statement, including a statement of Plan fees and expenses charged to individual Plan accounts during the quarter. June 30th – EACA ADP/ACP CorrectionsDeadline to process corrective distributions for failed ADP/ACP tests without a 10% […]
Upcoming Deadlines for calendar-year Plans February 1st – IRS Form 1099-RDeadline to distribute 1099-R to participants and beneficiaries who received a distribution or a deemed distribution during the prior Plan Year. 1st – IRS Form 945Deadline to file IRS Form 945 to report income tax withheld from qualified Plan distributions made during the
December 1st – Participant NoticesAnnual notices due for Safe Harbor elections, Qualified Default Investment Alternatives (QDIA), and Automatic Contribution Arrangements (EACA, QACA). 31st – ADP/ACP CorrectionsDeadline for the Plan to make ADP/ACP corrective distributions, and/or to deposit Qualified Non-Elective Contributions (QNEC) for the previous Plan Year without a 10% excise tax. 31st – Discretionary AmendmentsDeadline
Upcoming Deadlines for calendar-year Plans September 15th – Required contribution to Money Purchase Pension and Target Benefit Pension. 15th – Contribution deadline for deducting 2019 employer contributions for those sponsors who filed a tax extension for Partnership or S-Corporation returns for the March 15, 2020 deadline. 15th – Single employer DB plans were provided relief
Maxus Plan Solutions is a North Carolina-based third party administrator for qualified retirement plans dedicated to high standards and efficiency.
