For more information about these dates and their implications, contact Madison Pension Services.
For up-to-the-minute changes and modifications, visit the ASPPA website sections on Cost of Living Adjustments [PDF] and Government Rates [PDF].
Show by: Calendar Year | Item
| Date | Description |
|---|---|
| July 31 | Form 5500 (Annual Return of Employee Benefit Plan) is due for calendar plan year filers that are not on extension. This is also the deadline to request an extension of time to file for calendar year plans until October 15. |
| September 15 | The minimum funding deadline for contributions to a calendar plan year defined benefit or money purchase plan. It is also the extended deductible contribution deadline for employer profit sharing and matching contributions for calendar year corporations on extension. |
| September 30 | Summary Annual Report of Form 5500 covering the plan year for filers not on extension. Copies of this report should be distributed to each plan participant no later than September 30 (i.e., 2 months after the Form 5500 filing deadline). It is also the deadline to convert an existing Profit Sharing Plan to a Safe Harbor 401(k) Plan (or establish a brand new 401(k) Safe Harbor Plan) for the year about to end. |
| October 15 | Form 5500 (Annual Return of Employee Benefit Plan) is due for calendar plan year filers on extension. It is also the extended deductible contribution deadline for employer profit sharing and matching contributions for 2007 calendar year partnerships and sole proprietors on extension. |
| December 1 | 401(k) Safe Harbor Notice for the upcoming calendar plan year must be distributed to participants by this date. If you distributed a "maybe" notice by December 1 of last year, and you would like to amend the Plan for the current plan year to a Safe Harbor Plan, this is the deadline by which (i) the plan needs to be amended and (ii) a notice of amendment of the plan to safe harbor status for the current plan year needs to be distributed to plan participants. |
| December 15 | Summary Annual Report of Form 5500 covering the plan year for filers on extension. Copies of this report should be distributed to each plan participant no later than December 15 (i.e. 2 months after the extended Form 5500 filing deadline). |
| December 31 | This is the extended deadline to correct any plan year ADP/ACP failures (would include both an excise tax as well as earnings calculation on any 401(k) refunds). It is also the deadline to adopt a brand new qualified retirement plan for the new year. |
| Item | Deadline | Recipient |
|---|---|---|
| 401(k) Salary Deferral Contribution Deposit to Plan Account | The earlier of the 15th business day of the month following the month in which the contributions are withheld from pay or the date on which the contributions can reasonably be segregated from the general assets of the Employer | Plan Account |
| Deposit of Deductible Employer Contribution | Within 2 ½ months of the end of the plan year or, if on extension, no later than 8 ½ months after the plan year end | Plan Account |
| Form 5500 and attachments | By the last day of the 7th month following the plan year end without extension or within 9 ½ months following the plan year if on extension | Department of Labor |
| Summary Annual Report | Within two months of the filing deadline date for Form 5500 | Participants and Beneficiaries |
| Refunds of Excess 401(k) Deferrals | Within 2 ½ months after the plan year end. Refunds made after 2 ½ months from the close of the plan year, up to 12 months after the plan year end are subject to a 10% penalty to be paid by the Employer | Participant |
| First Required Minimum Distribution | For 5% owners and terminated Non 5% owners: By the April 1st of the calendar year following the year in which they attain age 70 ½For Active Non 5% owners: By the April 1st of the calendar year following the year in which they separate service | Participant |
| Form 1099-R | January 31 following year of distribution | Participant who received distribution |
| Form 1099-R and Form 1096 | February 28 following year of distribution | Internal Revenue Service |
| Form 945 (Annual Return of Withholding) | January 31 following year of withholding | Internal Revenue Service |
| Form 8109 (Federal Tax Deposit Coupon) | Same as ER’s payroll Tax Deposit Schedule (use Trust ID # for filing) | Internal Revenue Service |