To download our printable 2023 Compliance Calendar, click here.
To download our printable 2024 Compliance Calendar, click here.
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| Deadline | Action Items |
|---|---|
| January 1 | Year end information requests begin around this time. Clients should complete census and questionnaire. |
| January 1 | Review your employment records to determine whether any part-time employees have completed 3 consecutive 12-month periods with 500 hours of service. Consult with your FuturePlan Consultant about this SECURE 1.0 provision and timing. |
| January 1 | Consult with your FuturePlan Consultant about the changes to the Required Minimum Distributions (RMD) and the various optional provisions of the SECURE 2.0 Act. |
| January 1 | Operationally implement the 2024 Cost of Living/Benefit Limits in Qualified Retirement plans. |
| January 15 | Minimum funding requirements for defined benefit (DB), money purchase plan (MPP), and target benefit plan years ended April 30. |
| January 15 | Quarterly contribution due for DB plans that have a funding shortfall for the preceding plan year. |
| January 16 | Form 5500 extended filing due date for plan years ended March 31. |
| January 31 | DB Plan Funding Certification adjusted funding target attainment percentage (AFTAP) is due for plan years ended April 30 to avoid certain plan level restrictions. |
| January 31 | Form 5500 filing deadline without an extension for plan years ended June 30, or deadline to file Form 5558 for an extended due date of April 15. |
| January 31 | Deadline for 1099-R distribution reporting, sent to participants receiving a distribution during the 2023 plan year. |
| February 7 | Goal deadline for clients to provide pre-filled census files to consultants. |
| February 7 | Year end data collection tasks should be completed and submitted to FuturePlan. Data review is completed within 10 business days. Contribution calculations take four to six weeks once census data is in good order and any questions from FuturePlan about data are addressed. |
| February 15 | Minimum funding requirements for DB, MPP, and target benefit plans for plan years ended May 31. |
| February 15 | Form 5500 extended filing due date for plan years ended April 30. |
| February 15 | Deadline for 401(k) and other participant investment directed retirement plan accounts to provide fee disclosure and benefit statements to participants (45 days after end of the quarter). Lifetime income disclosures are required to be included on benefit statements at least annually, and could be included by this deadline for participant-directed plans. |
| February 29 | DB Plan Funding Certification AFTAP is due for plan years ended May 31 to avoid certain plan level restrictions. |
| February 29 | Form 5500 filing deadline without an extension for plan years ended July 31, or deadline to file Form 5558 for an extended due date of May 15. |
| February 29 | Form 1099R reporting due to the IRS for distributions to participants during 2023, if filing 1099R on paper. |
| March 15 | Calendar year 401(k) plans must process corrective distributions for failed ADP/ACP tests to avoid a 10% penalty tax. Certain automatic enrollment plans have until June 30. |
| March 15 | Deadline to request waiver of minimum funding standard for DB and MPP plans preceding calendar plan year. |
| March 15 | Deadline for retroactive DB plan amendment under IRC section 412(d)(2) to increase pension benefits and related employer contributions for the preceding calendar plan year. |
| March 15 | Tax return deadline for S Corporations and Partnerships without extension. |
| March 15 | Form 5500 extended filing due date for plan years ended May 31. |
| March 31 | DB Plan Funding Certification AFTAP is due for plan years ended June 30 to avoid certain plan level restrictions. |
| April 1 | Form 5500 filing deadline without an extension for plan years ended August 31, or deadline to file Form 5558 for an extended due date of June 17. |
| April 1 | Electronic filing deadline of the Form 1099-R reporting with the IRS. |
| April 1 | Distribution campaign process begins during second quarter. |
| April 15 | Deadline for processing corrective distributions for elective deferrals that exceed IRC section 402(g) limit. |
| April 15 | Quarterly contribution due for DB plans that have a funding shortfall for the preceding plan year. |
| April 15 | Minimum funding requirement for DB, MPP and target benefit plans for plan years ended July 31. |
| April 15 | Form 5500 extended filing due date for plan years ended June 30. |
| April 15 | Tax return deadline for Sole Proprietors and C Corporations without extension. |
| April 29 | Deadline for DB plan sponsors with calendar plan years to provide participants with the annual notice of the plan’s funding status. (Plans with fewer than 100 participants on each day of the preceding plan year need not provide the funding notice until the Form 5500 is due for the plan year.) |
| April 30 | DB Plan Funding Certification AFTAP is due for plan years ended July 31. |
| April 30 | Form 5500 filing deadline without an extension for plan years ended September 30, or deadline to file Form 5558 for an extended due date of July 15. |
| May 15 | Deadline for 401(k) and other participant investment directed retirement plan accounts to provide fee disclosure and benefit statements to participants (45 days after end of the quarter). Lifetime income disclosures are required to be included on benefit statements at least annually, and could be included by this deadline for participant-directed plans. |
| May 15 | Minimum funding requirement for DB, MPP and target benefit plans with plan years ended August 31. |
| May 15 | Form 5500 extended filing due date for plan years ended July 31. |
| May 31 | DB Plan Funding Certification AFTAP is due for plan years ended August 31 to avoid certain plan level restrictions. |
| May 31 | Form 5500 filing deadline without an extension for plan years ended October 31, or deadline to file Form 5558 for an extended due date of August 15. |
| June 15 | March 31 plan year end 401(k) plans must process corrective distributions for failed ADP/ACP tests to avoid a 10% penalty tax. |
| June 17 | Form 5500 extended filing due date for plan years ended August 31. |
| June 29 | Deadline to comply with Employee Stock Ownership Plan (ESOP) related diversification requirements for certain ESOP participants. |
| June 30 | DB Plan Funding Certification AFTAP is due for plan years ended September 30 to avoid certain plan level restrictions. |
| July 1 | Form 5500 filing deadline without an extension for plan years ended November 30, or deadline to file Form 5558 for an extended due date of September 16. |
| July 15 | Quarterly contribution due for DB plans that have a funding shortfall for the preceding plan year. |
| July 15 | Minimum funding requirement for DB, MPP and target benefit plans for plan years ended October 31. |
| July 15 | Form 5500 extended filing due date for plan years ended September 30. |
| July 31 | DB Plan Funding Certification AFTAP is due for plan years ended October 31 to avoid certain plan level restrictions. |
| July 31 | Form 5500 filing deadline without an extension for plan years ended December 31, or deadline to file Form 5558 for an extended due date of October 15. |
| August 15 | Deadline for 401(k) and other participant investment directed retirement plan accounts to provide fee disclosure and benefit statements to participants (45 days after end of the quarter). Lifetime income disclosures are required to be included on benefit statements at least annually, and could be included by this deadline for participant-directed plans. |
| August 15 | Minimum funding requirement for DB, MPP and target benefit plans for plan years ended November 30. |
| August 15 | Form 5500 extended filing due date for plan years ended October 31. |
| August 31 | DB Plan Funding Certification AFTAP is due for plan years ended November 30 to avoid certain plan level restrictions. |
| September 2 | Form 5500 filing deadline without an extension for plan years ended January 31, or deadline to file Form 5558 for an extended due date of November 15. |
| September 15 | Final prior year contribution is due for S corporation and Partnership clients sponsoring qualified retirement plans who have filed tax return extensions. |
| September 15 | Minimum funding contribution due for DB, MPP and target benefit plans with calendar plan years. |
| September 16 | Form 5500 extended filing due date for plan years ended November 30. |
| September 30 | Summary Annual Report due for applicable plans with plan years ended December 31, unless Form 5500 is on extension. |
| September 30 | DB Plan Funding Certification AFTAP is due for plan years ended December 31 to avoid certain plan level restrictions. |
| September 30 | Form 5500 filing deadline without an extension for plan years ended February 29, or deadline to file Form 5558 for an extended due date of December 16. |
| October 1 | Imposition of DB plan benefit restrictions if the AFTAP has not been certified for the current calendar plan year. |
| October 1 | Contribution verifications for DB plans should be submitted to FuturePlan to ensure timely filing of the Form 5500. |
| October 15 | Quarterly contribution due for DB plans that have a funding shortfall for the preceding plan year. |
| October 15 | Deadline for a corrective (11-g) amendment to the plan document to cure certain coverage, minimum participation, and non-discrimination testing failures for the preceding calendar plan year. |
| October 15 | Final prior year contribution is due for Sole Proprietor and C Corporation clients sponsoring qualified retirement plans who have filed tax return extensions. |
| October 15 | Pension Benefit Guaranty Corporation (PBGC) premium payment deadline for defined benefit plans with calendar plan years. |
| October 15 | Form 5500 extended filing due date for plan years ended December 31. |
| October 31 | DB Plan Funding Certification AFTAP is due for plan years ended January 31 to avoid certain plan level restrictions. |
| October 31 | Form 5500 filing deadline without an extension for plan years ended March 31, or deadline to file form 5558 for an extended due date of January 15. |
| November 15 | Kickoff for Required Minimum Distribution (RMD) cases. Communications sent to plan sponsors regarding plan participants who will need an RMD. |
| November 15 | Deadline for 401(k) and other participant investment directed retirement plan accounts to provide fee disclosure and benefit statements to participants (45 days after end of the quarter). Lifetime income disclosures are required to be included on benefit statements at least annually, and could be included by this deadline for participant-directed plans. |
| November 15 | Form 5500 extended filing due date for plan years ended January 31. |
| November 30 | DB Plan Funding Certification AFTAP is due for plan years ended February 29 to avoid certain plan level restrictions. |
| December 1 | 3(16) fiduciaries confirm all notices have been mailed out. Please see your FuturePlan Consultant for additional information. |
| December 2 | Form 5500 filing deadline without an extension for plan years ended April 30, or deadline to file Form 5558 for an extended due date of February 15. |
| December 2 | Safe harbor contribution notices, and QDIA notices due for Safe Harbor Section 401(k)/403(b) safe harbor plans. |
| December 15 | Summary Annual Report due for qualified retirement plans if Form 5500 is on extension. |
| December 15 | September 30 plan year end 401(k) plans must process corrective distributions for failed ADP/ACP tests to avoid a 10% penalty tax. |
| December 16 | Form 5500 extended filing due date for plan years ended February 29. |
| December 31 | Deadline for 401(k) plans to make corrective distributions relating to the prior calendar plan year’s failed ADP/ACP tests to avoid operational failures. Please note, a 10% excise tax may apply to such corrective distributions. |
| December 31 | Deadline for 401(k) plans correcting prior years’ ADP/ACP test failures with Employer Qualified Non-Elective Contributions (QNEC). |
| December 31 | Deadline for electing to be a safe harbor 401(k) plan for the prior calendar plan year, assuming the plan sponsor agrees to at least a 4% non-elective safe harbor contribution. |
| December 31 | Deadline for RMD processing. |
| December 31 | Deadline for pension plan’s enrolled actuary to calculate a specific funding adequacy calculation AFTAP, if a range AFTAP was previously issued. |
| December 31 | DB Plan Funding Certification AFTAP is due for plan years ended March 31 to avoid certain plan level restrictions. |
| December 31 | Finalize plan amendments for discretionary plan provision changes that are generally applicable for the current calendar plan year. |
| December 31 | Form 5500 filing deadline without an extension for plan years ended May 31, or deadline to file Form 5558 for an extended due date of March 17. |
Important DB Plan Reminders:
- Qualified plan freeze amendments must be completed prior to participants satisfying the conditions to accrue benefits for a plan year. Please work with your FuturePlan plan consultant to discuss requirements for your plan.
- DB plans subject to the Annual Funding Notice requirements are exempt from providing Summary Annual Reports.
