To download our printable 2022 Compliance Calendar, click here.
To download our printable 2023 Compliance Calendar, click here.
View 2Q2023 View 3Q2023 View 4Q2023
| Deadline | Action Items |
|---|---|
| January 1 | Year end information requests begin around this time. Clients should complete census and questionnaire. |
| January 15 | Minimum funding requirements for defined benefit (DB), money purchase plan (MPP), and target benefit plan years ended April 30,2022. |
| 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 | Defined Benefit Plan Funding Certification adjusted funding target attainment percentage (AFTAP) is due for plan years ended April 30. |
| 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 18. |
| January 31 | Deadline for 1099R distribution, sent to participants receiving a distribution during the 2022 plan year. |
| February 7 | Goal deadline for clients to provide prefilled 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, money purchase, and target benefit pension plan years ended May 31 must be met by February 15 to avoid excise taxes or operational failures. An electronic transfer must be completed, or a check mailed, by this date. |
| 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). Should include lifetime income disclosures as well. |
| February 28 | Cash Balance Plan Funding Certification AFTAP is due for plan years ended May 31. |
| February 28 | 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 28 | Form 1099R due to the IRS for distributions to participants during 2022, if filing 1099R on paper. |
| March 15 | Calendar year 401(k) plans must process corrective distributions for failed nondiscrimination 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 pension plans and money purchase pension plans. |
| March 15 | Deadline for retroactive plan document amendment to increase pension plan retirement benefits and related employer contributions. |
| 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 | Defined Benefit Pension Plan Funding Certification AFTAP is due. |
| March 31 | 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 15. |
| March 31 | Electronic filing deadline of the Form 1099-R with the IRS. |
| April 1 | Initial required minimum distribution (RMD) for those terminated participants or 5% owners who have attained age 72 or older. |
| 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) limits. |
| 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, money purchase and target benefit plan year ended July 31. |
| April 15 | Form 5500 extended filing due date for plan years ended June 30. |
| April 18 | Tax return deadline for Sole Proprietors and C Corporations without extension. |
| April 30 | Defined Benefit Pension Plan Funding Certification AFTAP is due for plan years ended July 31. |
| May 1 | 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 17. |
| 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). Should include lifetime income disclosures as well. |
| May 15 | Minimum funding requirement for DB, money purchase and target benefit plan years ended August 31. |
| May 15 | Form 5500 extended filing due date for plan years ended July 31. |
| May 31 | Defined Benefit Pension Plan Funding Certification AFTAP is due for plan years ended August 31. |
| 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 nondiscrimination tests to avoid a 10% penalty tax. 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 | Defined Benefit Pension Plan Funding Certification AFTAP is due for plan years ended September 30. |
| June 30 | 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 15. |
| 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, money purchase and target benefit plan years ended October 31. |
| July 17 | Form 5500 extended filing due date for plan years ended September 30. |
| July 31 | Defined Benefit Pension Plan Funding Certification AFTAP is due for plan years ended October 31. |
| 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 16. |
| August 15 | Deadline for 401(k) and other participant investment directed retirement plan accounts to provide fee disclosure and benefit statements, including lifetime income disclosures to participants (45 days after end of the quarter). |
| August 15 | Minimum funding requirement for DB, money purchase, and target benefit plan years ended November 30. |
| August 15 | Form 5500 extended filing due date for plan years ended October 30. |
| August 31 | Defined Benefit Pension Plan Funding Certification AFTAP is due for plan years ended November 30. |
| August 31 | 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 clients sponsoring defined contribution plans, such as a 401(k), who have filed a tax return extension. |
| September 15 | Minimum funding contribution due for DB and money purchase pension plans. |
| September 15 | Form 5500 extended filing due date for plan years ended November 30. |
| September 30 | Summary Annual Report due for plan year ends December 31, unless Form 5500 is on extension. |
| September 30 | Defined Benefit Pension Plan Funding Certification AFTAP is due for plan years ended December 31. |
| October 1 | Imposition of defined benefit pension plan benefit restrictions if the AFTAP hasn’t been certified for the current calendar plan year. |
| October 1 | Contribution verifications for DB pension plans should be submitted to FuturePlan to ensure timely filing for the 5500. |
| October 2 | Form 5500 filing deadline without an extension for plan years ended February 28, or deadline to file Form 5558 for an extended due date of December 15. |
| 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, participation, and non-discrimination requirements. |
| October 16 | Pension Benefit Guaranty Corporation (PBGC) premium payment deadline for defined benefit plans. |
| October 16 | Form 5500 extended filing due date for plan years ended December 31. |
| October 31 | Defined Benefit Pension Plan Funding Certification AFTAP is due for plan years ended January 31. |
| 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 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, including lifetime income disclosure information to participants (45 days after end of the quarter). |
| November 15 | Form 5500 extended filing due date for plan years ended January 31. |
| November 30 | Defined Benefit Pension Plan Funding Certification AFTAP is due for plan years ended February 28. |
| November 30 | 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 1 | Safe harbor contribution notices, and QDIA notices due for Safe Harbor Section 401(k)/403(b) safe harbor plans. |
| December 1 | 3(16) confirm all notices have been mailed out. |
| December 15 | Summary Annual Report due for defined benefit plans if Form 5500 is on extension. |
| December 15 | September 30 401(k) plan year ends must process corrective distributions for failed nondiscrimination tests to avoid a 10% penalty tax. |
| December 15 | Form 5500 extended filing due date for plan years ended February 28. |
| December 31 | Deadline to make corrective distributions for December 31 plan year ends relating to prior calendar year failed ADP/ACP tests. Please note, a 10% excise tax may apply to such corrective distributions. |
| December 31 | Deadline for correcting a prior testing year ADP/ACP test failure with an Employer Qualified Non-Elective Contribution (QNEC). |
| December 31 | Deadline for electing to be a safe harbor 401(k) plan for the prior calendar year end, 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 | Defined Benefit Plan Funding Certification AFTAP is due for plan years ended March 31. |
| December 31 | Finalize plan amendments for discretionary plan provision changes applicable to the current calendar plan year. |
| December 31 | 1/2/2024: 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 15. |
Important Cash Balance Plan Reminders:
- Annual funding notices for small plans must be provided by the earlier of the date the Form 5500 is filed or the due date of Form 5500 including extensions.
- Annual funding notices for large plans (over 100 employees) must be provided no later than 120 days following the end of the plan year.
- Qualified plan freeze amendments must be completed prior to benefits accruing. Please work with your plan consultant to discuss requirements
for your plan.
