Key Retirement and Employee Benefits Compliance Reminders for December

Due December 1st

• Deadline for participant notices, including safe harbor notice, QDIA notice, automatic contribution arrangement notice.

Due December 15th 

• Extended deadline for distributing Summary Annual Report to participants.

Due December 31st

• Corrective distributions for failed ADP/ACP test for 2016 (10% excise tax applies).
• QNEC contributions due for failed ADP/ACP test for 2016.
• RMDs due (except for first time qualifying participants).
• Last day to adopt discretionary plan amendments.
• Deadline to convert or remove safe harbor status for 2018 plan year.

Download the full 2017 Retirement and Employee Benefits Compliance Calendar.

If you have any questions or would like to begin talking to an advisor, please get in touch by calling (855) 882-9177 or e-mail us at sbs@hanys.org.