Plan year 2020 deadlines for calendar year retirement plans
| January 31, 2020 | Deadline for mailing IRS Forms 1099-R to plan participants |
| February 28, 2020 | Deadline for mailing IRS Forms 1099-R to the IRS |
| March 16, 2020 | Deadline for issuing refunds for a failed ADP or ACP test without penalty |
| March 16, 2020 | Deadline for making employer contributions to take advantage of a tax deduction for 2019 for all businesses with a March 16, 2020 filing deadline, unless the tax return has been extended |
| April 1, 2020 | Distribute first year Required Minimum Distributions (RMD) to participants who reached age 70 ½ in 2019 |
| April 15, 2020 | Return excess 401(k) deferrals to participants who exceeded the 402(g) limit ($19,000/$25,000) in 20198 |
| April 15, 2020 | Deadline for making employer contributions to take advantage of a tax deduction for 2019 for all entities with an April 15, 2020 filing deadline, unless the tax return has been extended |
| July 31, 2020 | Forms 5500 and 8955-SSA are due, unless an extension has been filed |
| September 15, 2020 | 2019 minimum required contributions for all cash balance and defined benefit plans are due |
| September 15, 2020 | Employer contributions to a defined contribution plan for 2019 are due for business entities with extended tax returns due September 15, 2020 |
| September 30, 2020 | Distribute Summary Annual Report to plan participants for all plans who did not extend the Form 5500 filing |
| October 15, 2020 | Extended deadline for 2019 Forms 5500 and 8955-SSA |
| October 15, 2020 | Employer contributions to a defined contribution plan for 2019 are due for business entities with extended tax returns due October 15, 2020 |
| December 1, 2020 | Participant notices for the 2021 plan year must be distributed, including safe harbor notice, QDIA notice, participant fee disclosure and notices regarding automatic contribution arrangements |
| December 15, 2020 | Distribute Summary Annual Report to plan participants for all plans whose 5500 filing was extended |
| December 31, 2020 | Adopt and execute plan amendments for plan changes and new plans established during 2020 |
| December 31, 2020 | Ensure all RMDs have been completed for participants over age 70 ½ who are required to take an RMD during 2020 |
Questions? Contact Jeremy Palm or Wendy Frame.
Wendy Frame, MBA, ERPA
Jeremy Palm, QPA, QKA