PLANSPONSOR - November/December 2024 - 34

PLAN ADMINISTRATION
August
14 Deadline for participant-directed DC plans to provide
participants with the quarterly benefit/disclosure statement
and statement of plan fees and expenses that were
charged to individual plan-accounts during Q2. (Due 45
days after the end of the quarter.)
May
15 Deadline for participant-directed DC plans to supply participants
with the quarterly benefit/disclosure statement and
statement of plan fees and expenses charged to individual
plan-accounts during the first quarter. (Due 45 days after the
end of the quarter.)
June
30 Deadline for retirement plans with publicly traded employer
securities to file their Form 11-K annual report-i.e., by 180
days after the end of the plan year. (The deadline is June
29, which falls on the weekend in 2025; the Securities and
Exchange Commission provides that when a date falls on a
Saturday, Sunday or holiday, the deadline becomes the next
business day.)
30 Deadline for corrective distributions for failed ADP/ACP
tests to highly compensated employees, to avoid a 10% excise
tax on the employer for eligible automatic contribution
arrangement plans.
July
15 Deadline for the second 2025 minimum funding quarterly
installment payment for DB plans with a funding shortfall in
2024. (Due 15 days after each quarter-end of the plan year.)
29 Summary of material modifications is due to participants-
i.e., 210 days after the end of the plan year in which the
change was adopted-unless it was included in a timely
updated summary plan description.
31 Form 5330, which reports excise taxes related to employee
benefit plans, is due to the IRS.
31 Form 5500 is due to the Department of Labor for plans with
a December 31 plan year-end. (Due seven months after yearend.)
The Form 5500 filing may be delayed if Form 5558 is
filed with the IRS by this date; also called the Application for
Extension of Time to File Certain Employee Plan Returns.
31 Deadline for annual benefit statements for individual
account plans not offering participant-directed investments.
34 PLANSPONSOR.COM November - December 2024
September
15 Deadline for money purchase pension, target-benefit and
DB plans to make required contributions to their plan
trust-i.e., by 8 1/2 months after the plan year-end-and
for S corporations and partnership plan sponsors that filed
a corporate tax extension to make 2024 employer profitsharing
and matching contributions.
15 Minimum funding deadline for the 2023 plan year for
pension plans that do not have a funding shortfall for 2024.
15 Form 5500 due to the DOL's Employee Benefits Security
Administration from plans eligible for an automatic extension
linked to a corporate tax extension.
30 Summary annual reports are due to participants from
plans with a December 31 year-end-i.e., nine months after
the plan year-end or two months after filing Form 5500,
unless Form 5500 filing is extended.
October
2 Start of the period to disseminate annual notices to participants,
including notices re the 401(k) safe harbor, automatic
contribution arrangements, the qualified automatic
contribution arrangement safe harbor and qualified default
investment alternatives-i.e., from 90 to 30 days before the
end of the current plan year.*
15 IRS deadline for adopting the retroactive amendment to
correct an IRC Section 410(b) coverage failure or a Section
401(a)(4) nondiscrimination failure.
15 Deadline for the third 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 A PBGC flat rate and variable rate annual premium filing
and payment are due to the PBGC-i.e., by the 15th day of
the 10th full month after the month the plan year began.
15 Deadline for filing Form 5500 after a plan files Form 5558
to request an extension.
15 Form 5310-A due to the IRS to give notice of the establishment
of qualified separate lines of business.
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PLANSPONSOR - November/December 2024

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