Compliance Calendar

COMPLIANCE CALENDAR 2017

DATE NOTICE REQUIREMENTS

JANUARY

January 31-- Deadline for determination letter submission for individually designed plan documents. Year of submission determined by last digit of employer identification number (EIN). For 2017, this applies to plan sponsors with EINs ending in 4 or 9.***

FEBRUARY

February 1-- Deadline for sending Form 1099-R to participants who received distributions during previous year.**

MARCH

March 1-- Deadline for filing Form 1099-R with IRS to report distributions made in previous year. Deadline for electronic filing is  . **March 15-- Deadline for processing corrective distributions for failed actual deferral percentage (ADP)/actual contribution percentage (ACP) test without 10% excise tax.*** Note: A special deadline applies to plans that satisfy the requirements of an Eligible Automatic Contribution Arrangement (EACA). See “June.”
March 15-- Deadline for filing corporate tax returns and contribution deadline for deductibility (without extension) for companies operating on calendar-year fiscal year.** Deadline for requesting automatic extension (to September 15) of corporate tax returns.**March 31-- Deadline for electronic filing of Form 1099-R to report distributions made in previous year.

APRIL

April 1-- Required beginning date for participants attaining age 701⁄2 or retiring after age 701⁄2 in prior year [Deadline for taking first required minimum distribution (RMD) under Internal Revenue Code (IRC) Section 401(a)(9)].April 15Deadline for processing corrective distributions for IRC Section 402(g) excesses. Deadline for filing individual and/or partnership tax returns and contribution deadline for deductibility for unincorporated entities (without extension). Deadline for requesting automatic extension (to October 15) individual and partnership tax returns.

JUNE

June 30-- Deadline for processing corrective distributions for failed ADP/ACP test from plan with EACA without 10% excise tax.

JULY

July 29-- Deadline for sending Summary of Material Modification (210 days after end of plan year in which the amendment was adopted).

AUGUST

August 1-- 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—Return of Excise Taxes Related to Employee Benefit Plans—used to report and pay excise taxes on prohibited transactions and excess 401(k) plan contributions that occurred in prior year.

SEPTEMBER

September 15-- Extended deadline for filing corporate tax returns and contribution deadline for deductibility.September 30 --Deadline for distributing Summary Annual Report (SAR) to participants, provided deadline for Form 5500 was not extended (later of nine months after close of plan year or two months after due date for Form 5500).

OCTOBER

October 16-- Extended deadline for filing Form 5500. Deadline for adopting a retroactive amendment to correct an IRC Section 410(b) coverage or IRC Section 401(a)(4) nondiscrimination failure for 2015. Extended deadline for filing tax returns for unincorporated businesses and final contribution deadline for deductibility for these entities.

DECEMBER

December 1-- Deadline for sending annual 401(k) and (m) safe harbor notice. Deadline for sending annual qualified default investment alternative (QDIA) notice. Deadline for sending annual automatic contribution arrangement notice. For administrative ease, a combined notice may be provided for the above notices.December 15-- Extended deadline for distributing Summary Annual Report (SAR) to participants.December 31 Deadline for processing corrective distributions for failed 2017 ADP/ACP test with 10% excise tax. Deadline for correcting a failed 2014 ADP/ACP test with qualified nonelective contributions (QNEC). Deadline for amendment to convert existing 401(k) plan to safe harbor design for next plan year. Deadline for amendment to remove safe harbor status for next 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). RMDs due under IRC Section 401(a)(9).