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Important Retirement Plan Deadlines

Important Retirement Plan Deadlines

September 3, 2021

It’s that time of year when deadlines abound. It’s also a great time to evaluate your retirement plan design and there is still time to make changes or even more importantly implement a new plan. Remember we are here to help! Take the opportunity to act now because they will be here before you know it!

  • November 1 – Deadline to send notices regarding ending a SIMPLE retirement plan.
  • December 1 – Deadline to provide notice for a safe harbor match feature for the 2022 plan year coming up.
  • December 31 – Deadline to implement a 4% safe harbor non-elective contribution for the previous plan year retroactively.
  • Business’s tax return due date 2021 – An employer now has until the due date of the business’s tax return, including extensions, to establish a profit sharing, defined benefit, or cash balance plan for the prior year. The tax filing deadline varies based on the employer’s business entity type.

Have questions on these deadlines or the best retirement plan options for your business? Contact Mike Young at 714.716.4060 or mike@my-EBP.com or fill this short form out.