December = Deadlines

If your plan year is based on the calendar year, several important deadlines are coming up quickly.  December is a busy month for compliance.  Here are some of the dates to watch for:

• 1st – Deadline to send annual 401(k) safe harbor notice
• 6th – Deadline to return HCE questionnaires
• 10th – Deadline for requesting plan amendment to be signed by end of year
• 15th – Extended deadline to distribute Summary Annual Report to participants
• 15th – Deadline for requesting cash outs for the next quarter
• 31st – Deadline for processing ADP refunds with 10% excise tax
• 31st- Deadline to sign any plan amendment for discretionary changes
• 31st -Deadline to sign amendment to convert existing 401(k) plan to a safe harbor 401(k) plan
• 31st – Deadline to sign amendment to remove safe harbor status for the following year
• 31st- Deadline for depositing top heavy employer contributions for prior year

If your plan year is not aligned with the calendar year, contact your plan administrator for adjusted compliance deadlines.