July - Plan Features

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Compliance Calendar

401(k) Plans and other tax-qualified retirement plans must comply with a number of tax filing and other important deadlines throughout the year. The list below is a summary of the common compliance deadlines for most calendar year qualified plans.
DEADLINE		COMPLIANCE TASK
January	15	Census Data	Return census data to July by January 15th for quickest turnaround on year-end testing and reports.
	31	Form 1099R	Trustee deadline for distributing IRS Form 1099-R to participants receiving plan distribution in previous plan year.
February	15	Census Data	Deadline for traditional 401(k) plans to return census data to July to ensure time for plan to meet deadline ADP / ACP refunds in case of failed test.
	28	Form 1096	Trustee deadline for filing IRS Form 1096 report withholding on plan distributions during previous year.
March	15	ADP Refunds	Traditional 401(k) plans must make corrective refunds by March 15th to avoid 10% excise tax penalties on distributions.
		Tax Deductions	Corporations must fund contributions to the plan by March 15th tax filing deadline to claim tax deductions on previous year's corporate tax return.
April	15	Tax Deductions	Partnerships and Sole Proprietors must fund contributions by the April 15th tax filing deadline to claim tax deductions on previous year's partnership or individual tax returns.
July	31	Form 5330	Deadline for filing IRS Form 5330 for previous plan year. This form is needed to report and pay certain exise taxes imposed on some qualified plans.
		Form 5500	Deadline for filing IRS Form 5500 required annually of most qualified retirement plans.
September	15	Funding Deadline	Deadline for Money Purchase Pension Plans and Defined Benefit Plans to fund contributions under Minimum Funding Standards.
	30	SAR	Deadline for distributing the Summary Annual Report to plan participants reporting previous year's financial summary of the plan.
October	15	Form 5500	Final deadline for filing IRS Form 5500 for plan sponsor's that received an extension of time to file.
December	31	ADP Refunds	Final deadline to make corrective distributions for traditional 401(k) plans that failed the ADP or ACP Test from previous plan year.