Pension Deadlines for the remainder of 2009

09/15/09 – 2008 Minimum Funding deadline for defined benefit, money purchase and target benefit plan contributions to avoid a funding deficiency and excise taxes.

09/15/09 – 2008 Employer tax filing due date with extension for Corporations (C or S) and Partnerships, which may include LLPs and LLCs. Contributions must be made by this date to claim a timely deduction

09/30/09 – 2008 Summary Annual Report (SAR) due date (without 2008 Form 5500 extension) for Non-PBGC covered plans

09/30/09 – Implementation Deadline for new 2009 401(k) Safe Harbor Plan (i.e. must be in effect and operational for at least 3 months)

10/01/09 – 2009 AFTAP deadline. Any plans that have a 2009 AFTAP percentage under 80% will also have to hand out a benefit restriction notice to all of their employees by October 31, 2009, unless same benefit restriction notice was previously handed out.

10/15/09- 2008 Form 5500 filing due date (with extension)

10/15/09 – 2008 Employer tax filing due date with extension for Sole Proprietors. Profit Sharing contributions to Sole proprietor plans must be made by this date to claim a timely deduction.

10/15/09 – 2008 Corrective Amendment adoption date deadline

12/01/09 – 2009 401(k) safe harbor plan notices will need to be distributed to all participants.

12/01/09 – 2009 Qualified Default Investment Alternative (QDIA) notices to be handed out to all plan participants for plans which have a QDIA.

12/01/09 – 2009 Automatic Enrollment notices to be handed out to participants in plans which have an automatic enrollment feature

12/15/09 – 2008 Summary Annual Report (SAR) due date (with 2008 Form 5500 extension) for Non-PBGC covered plans

12/31/09 – DC and DB PPA (includes Heart, WRERA, etc.) amendments need to be executed by this date.

12/31/09 – Deadline for making QNEC/QMAC contributions to correct a failed 2008 ADP and/or ACP test; Also, deadline for making any 2008 401(k) safe harbor contributions (either non-elective or match)

12/31/09 – Adoption Date deadline for new 2009 DC or DB plan documents

Note: For PBGC covered plans, the new Annual Funding Notice replaces the SAR, and must be released to plan participants not later than the earlier of:

a)       the actual filing date of the Form 5500, or

b)       the latest filing date of the Form 5500, including any extensions

Advertisement