IRS Plan Limits
key deadlines for Plan Sponsors
- 1/15 Submit prior year census
- 1/31 1099 Distribution
- 2/15 Review testing results
- 3/15 ADP/ACP Corrective Distributions
- 3/31 Complete annual compliance questionnaire
- 4/15 Refund excess deferrals
- 7/31 File Form 5500
- 7/31 File Form 5558 extension (if needed)
- 10/15 File Form 5500 if extended
- 10/30 Review your 401k Plan Document
- 12/1 Distribute Annual Participant notices
Check in with your TPA to make sure you are on track.
ERISA Bonds
Under Department of Labor (DOL) regulations, your retirement plan will need to maintain an ERISA Fidelity Bond. A fidelity bond protects the assets in the plan from misuse or misappropriation by the plan fiduciaries. Plan fiduciaries include the plan trustees and any person who has control over the management of the plan and its assets.
As a convenience to you, The Retirement Group recommends Colonial Surety Company, a national online insurance company that is U.S. Treasury listed and licensed in all states and territories. As experts in all aspects of ERISA regulations, Colonial Surety Company will ensure that you are properly bonded and that your bond is renewed prior to expiration so that your plan remains in compliance.
Fiduciary liability insurance
Learn more - https://vimeo.com/788690887
Cyber Liability Insurance
Learn more - https://vimeo.com/789434949