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.