PlanSponsor.com has posted a 2010 Compliance Calendar for sponsors of defined contribution (DC) and defined benefits (DB) plans with 12/31 plan year-ends. The calendar provides important IRS filing due dates and participant notification timelines.
With mid-March fast approaching, plan sponsors should be aware of the following March 15th deadlines:
- Employer contributions due for 12/31 fiscal year-ends in order to take deduction with no corporate tax extension.
- Forms 1042S and 1042 due to IRS to report retirement plan distributions made to nonresident aliens and income tax withheld from distributions made to nonresident aliens.
- Deadline for average deferral percentage (ADP)/actual contribution percentage (ACP) refunds without 10% excise tax on employer (due 21/2 months following plan year-end).
- Application of Waiver for Minimum Funding Standard for DB and Money Purchase Plans (due no later than the 15th day of the third month after the close of the plan year for which the waiver is requested).
Please contact us with questions about how the due dates apply to particular plan.
|