4th Quarter Compliance Calendar
With the start of the 4th quarter of the year, there are numerous 401(k) administration retirement plan compliance deadlines on the horizon:
October 15
- Extended Deadline: Filing tax returns for partnerships
- Extended Deadline: Contribution deadline for deductibility for calendar-year partnerships and S-corporations
November 15
- Summary Annual Report (SAR) for each qualified plan must be mailed to participants for plans that filed a corporate tax extension. This is due two months after the extended due date.
- Quarterly Benefits/Disclosure Statement for Participant Directed DC Plans. Good Faith Compliance due 45 days after the end of the quarter.
December 1
- Deadline: Sending annual 401(k) and safe harbor match notice
- Deadline: Sending annual QDIA, qualified default investment alternative notice
- Deadline: Sending annual automatic contribution arrangement notice (ACA) For administrative ease, a combined notice may be provided for the above notices
December 15
- Extended deadline: Distributing SAR to participants
December 31
- Deadline: Processing corrective distributions for failed ADP/ACP test with 10% excise tax
- Deadline: Correcting a failed ADP/ACP test with qualified nonelective contributions (QNECs)
- Deadline: Converting existing 401(k) plan to safe harbor nonelective design for current plan year
- Deadline: Amendment to remove or convert to safe harbor status for next plan year
- Deadline: Amending plan for discretionary changes implemented during plan year (certain exceptions apply)
- Deadline: RMDs due under IRC Section 401(a)(9)