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

 

 

 

 

 

 

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