PLANSPONSOR - November/December 2024 - 33

March
31 Electronic filings of Form 1099-R for 2024 distributions are
due to the IRS.
17 Deadline for distributing ADP/ACP refunds without incurring
a 10% excise tax on the employer. (Due 2 1/2 months
following the plan year-end. The deadline falls on the weekend
in 2025; the IRS provides that when a date falls on a
Saturday, Sunday or holiday, the deadline becomes the next
business day.) Note: A special deadline applies to plans satisfying
the requirements of an eligible automatic contribution
arrangement. See June.
17 Employer contributions due to the retirement plan's trust for
S corporations and partnerships with a December 31 fiscal
year-end in order to take deductions with no corporate tax
extension. (The deadline is March 15, which falls on the
weekend in 2025; the IRS provides that when a date falls on
a Saturday, Sunday or holiday, the deadline becomes the next
business day.)
17 Forms 1042 and 1042-S due to the IRS to report, respectively,
income tax withheld from distributions made to nonresident
aliens and retirement plan distributions made to nonresident
aliens. (The deadline is March 15, which falls on the
weekend in 2025; the IRS provides that when a date falls on
a Saturday, Sunday or holiday, the deadline becomes the next
business day.)
17 Deadline to apply to the IRS for a waiver of the minimum funding
standard for DB and money purchase pension plans-i.e.,
no later than the 15th day of the third month after the close
of the plan year for which the waiver is requested. (The deadline
is March 15, which falls on the weekend in 2025; the IRS
provides that when a date falls on a Saturday, Sunday or holiday,
the deadline becomes the next business day.)
April
1 Initial required minimum distribution is due to participants
who turned 72 or terminated employment, whichever
was later, in 2023.
15 Deadline for corrective distributions to participants of
excess deferral amounts under Internal Revenue Code
Section 402(g).
15 Deadline for the first 2025 minimum funding quarterly
installment payment for DB plans that had a funding shortfall
in 2024. (Due 15 days after each quarter-end of the plan year.)
15 Employer contributions due to the plan's trust for C corporations
with a December 31 fiscal year-end in order to take
deductions with no corporate tax extension.
30 Deadline for sponsors of single-employer and multiemployer
DB pension plans to send their annual funding notice
to participants, beneficiaries and labor organizations representing
participants. (The notice must be provided no
later than 120 days after the close of the plan year.) Small
plans-i.e., those covering fewer than 100 participants-
must provide the notice by the IRS filing due date of the
plan's Form 5500; the notice takes the place of the summary
annual report for a DB plan.
30 Reconciliation filing and payment for the 2024 comprehensive
Pension Benefit Guaranty Corporation premium due to
the PBGC for DB plans that filed an earlier estimated variable
rate premium in the October 15, 2024, comprehensive filing.
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PLANSPONSOR - November/December 2024

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