IMPORTANT DATES TO REMEMBER
The compliance and reporting dates in this calendar are for plans with calendar-year terms. These dates are intended to provide plan sponsors with a list of notable deadlines and is not a substitute for consultation with ERISA counsel and in no way represents legal advice.
2024 Compliance & Reporting Dates
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September 2024
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Sep 16
- Extended deadline for filing S Corporation and partnership tax returns and contribution deadline for deductibility.
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Sep 30
- Deadline for distributing Summary Annual Report (SAR) to participants, provided deadline for Form 5500 was not extended.
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October 2024
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Oct 15
- Extended deadline for filing Form 5500.
- Extended deadline for filing C Corporation and individual tax returns and contribution deadline for deductibility.
- Deadline for adopting a retroactive amendment to correct an IRC Section 410(b) coverage or IRC Section 401(a)(4) nondiscrimination failure for 2023 (9 1/2 months).
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November 2024
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Nov 30
- Deadline for adopting Safe Harbor 3% for existing plans for the 2023 plan year.
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December 2024
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Dec 01
- Deadline for sending 2025 annual 401(k) safe harbor notice.
- Deadline for sending 2025 annual automatic contribution arrangement notice.
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Dec 31
- Deadline for processing corrective distributions for failed 2023 ADP/ACP test with 10% excise tax.
- Deadline for correcting a failed 2023 ADP/ACP test with qualified nonelective contributions (QNEC).
- Deadline to execute amendment to remove Safe Harbor status for 2025.
- Deadline to execute discretionary amendments implemented during plan year (certain exceptions apply, e.g., adding salary deferrals, cutting back accrued benefits).
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REMINDER: Required Fee Disclosures
Plan Sponsor/Service Provider Dates
- Initial disclosure: Required within a reasonable period before contract is entered into or renewed.
- Annual disclosure: Required following changes in investment fees (e.g., expense ratios) and recordkeeping fees.
- Additional disclosures: Required following changes to compensation or services provided.
DOWNLOAD the 2024 compliance calendar.
If you have any questions regarding notice requirements please contact TRA and we’ll be in touch.
*This date falls on a Saturday, Sunday or legal holiday. Historically, the IRS has not extended this deadline.
