2021 PLAN SUBMISSION CUTOFF DATES

2021 Traditional Takeovers Converting to Safe Harbor for Match for 2022:
Deadline: Monday 11/15/2021

2021 Traditional Takeovers Converting to Safe Harbor 3% Non-Elective for 2021 (SECURE Act):
Deadline: Monday, 11/1/2021

2021 Takeover Plans:
Deadline: Monday, 11/30/2021

2021 Defined Benefit and Cash Balance Plans:
Deadline: Monday, 11/30/2021. Note: See 2021 Tax Year Plans, Adopted in 2022 – SECURE Act

2021 Start-up:
Deadline: Monday, 12/6/2021. Note: PS Only plans can be set up in 2022 through the SECURE Act

2021 Solo(k) Start-ups:
Deadline: Wednesday, 12/15/2021. Note: Solo(k) plans can be set up in 2022 through the SECURE Act

2021 Using the Solo(k) website
Deadline: Friday, 12/31/2021 – Click here to access

The SECURE Act created the potential for new plans to be established after the plan year end

Please contact your Regional Sales Consultant (RSC) for more details.

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.

Compliance & Reporting Dates

  • October 2021
    • Oct 15
      • Deadline for adopting a retroactive amendment to correct an IRC Section 410(b) coverage or IRC Section 401(a)(4) nondiscrimination failure for 2020 (9 1/2 months).
      • Extended deadline for filing Form 5500.
      • Extended deadline for filing C Corporation and individual tax returns and contribution deadline for deductibility.
  • December 2021
    • Dec 01
      • Deadline for sending 2022 annual 401(k) safe harbor notice.
      • Deadline for sending 2022 annual automatic contribution arrangement notice.
      • Deadline for sending annual qualified default investment alternative (QDIA) notice.
    • Dec 15
      • Extended deadline for distributing Summary Annual Report (SAR) to participants.
    • Dec 31
      • Deadline for processing corrective distributions for failed 2020 ADP/ACP test with 10% excise tax.
      • Deadline for correcting a failed 2020 ADP/ACP test with qualified nonelective contributions (QNEC).
      • Deadline for amendment to remove safe harbor status for 2022 plan year.
      • Deadline for amending plan for discretionary changes implemented during plan year (certain exceptions apply, e.g., adding salary deferrals, cutting back accrued benefits).
      • Required Minimum Distributions due under IRC Section 401(a)(9).
  • January 2022
    • Jan 31
      • Deadline for sending Form 1099-R to participants who received distributions during previous year.
  • February 2022
    • Feb 28
      • Deadline for filing Form 1099-R with IRS to report distributions made in previous year, if not filed electronically.
  • March 2022
    • Mar 15
      • Deadline for processing corrective distributions for failed actual deferral percentage (ADP)/actual contribution percentage (ACP) test without 10% excise tax for plans without an Eligible Automatic Contribution Arrangement (EACA).
      • Deadline for filing S Corporation and partnership tax returns and contribution deadline for deductibility (without extension).
      • Deadline for requesting automatic extension (to September 15) of S Corporation and partnership tax returns.
    • Mar 31
      • Deadline for electronic filing of Form 1099-R to report distributions made in previous year.
  • April 2022
    • Apr 15
      • Deadline for processing corrective distributions for IRC Section 402(g) excesses.
      • Deadline for filing C Corporation and individual tax returns and contribution deadline for deductibility (without extension).
      • Deadline for requesting automatic extension (to October 15) for C Corporation and individual tax returns.
  • June 2022
    • Jun 30
      • Deadline for processing corrective distributions for failed ADP/ACP test from plan with EACA without 10% excise tax.
  • July 2022
    • Jul 29
      • Deadline for sending Summary of Material Modification (210 days after end of plan year in which the amendment was adopted).
    • Jul 31
      • Deadline for adopting Post PPA restated documents.
  • August 2022
    • Aug 01
      • Deadline for filing Form 5500 (without extension).
      • Deadline for filing Form 5558 to request automatic extension of time to file Form 5500 (21 ⁄2 months).
      • Deadline for filing Form 5330 used to report and pay excise taxes on prohibited transactions and excess 401(k) plan contributions that occurred in prior year.
  • September 2022
    • Sep 15
      • Extended deadline for filing S Corporation and partnership tax returns and contribution deadline for deductibility.
    • Sep 30
      • Deadline for distributing Summary Annual Report (SAR) to participants, provided deadline for Form 5500 was not extended.
  • October 2022
    • Oct 17
      • Deadline for adopting a retroactive amendment to correct an IRC Section 410(b) coverage or IRC Section 401(a)(4) nondiscrimination failure for 2021 (9 1/2 months).
      • Extended deadline for filing Form 5500.
      • Extended deadline for filing C Corporation and individual tax returns and contribution deadline for deductibility.
  • November 2022
    • Nov 30
      • Deadline for adopting Safe Harbor 3% for existing plans for the 2022 plan year.
  • December 2022
    • Dec 01
      • Deadline for sending 2022 annual 401(k) safe harbor notice.
      • Deadline for sending 2022 annual automatic contribution arrangement notice.
      • Deadline for sending annual qualified default investment alternative (QDIA) notice.
    • Dec 30
      • Deadline for processing corrective distributions for failed 2021 ADP/ACP test with 10% excise tax.
      • Deadline for correcting a failed 2021 ADP/ACP test with qualified nonelective contributions (QNEC).
      • Deadline for amendment to remove safe harbor status for 2023 plan year.
      • Deadline for amending plan for discretionary changes implemented during plan year (certain exceptions apply, e.g., adding salary deferrals, cutting back accrued benefits).
      • Required Minimum Distributions due under IRC Section 401(a)(9).
      • Deadline for adopting SECURE, CARES, and CAA interim amendments.

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 2021 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.

Pattern

YEAR-END DATA COLLECTION MADE EASY