As a plan sponsor, it is important to understand your organization’s ownership structure to ensure compliance with the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC). Neglecting a controlled group or affiliated service group member...
Compliance
Tax Talk – Retirement Plan Compliance Deadlines
(Read time 1:49) In this edition of Tax Talk, we provide updates on critical compliance deadlines for defined contribution (DC) plans. The schedule provided below assumes your plan operates on a calendar year basis. December 1st, 2023 Various annual notices must be...
Upcoming Compliance Deadlines for Calendar-Year Plans
1st December 2020 Participant Notices – Annual notices due for safe harbor elections, Qualified Default Investment Alternatives (QDIA), and Automatic Contribution Arrangements (EACA or QACA).31st December 2020 ADP/ACP Corrections – Deadline for a plan to make ADP/ACP...