Magazine

Published in December 2012

2013 Compliance Calendar

By PLANSPONSOR staff | December 2012
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Note: Plan-year deadlines assume 12/31 plan year-ends

JooHee Yoon

Jan 15 / Last required quarterly contribution for defined benefit (DB) plans for 2012 (due 15 days after last plan-year quarter-end).

Jan 31 / Many recordkeepers require participant data for average deferral percentage (ADP)/average contribution percentage (ACP), top-heavy and 402(g) compliance testing to be returned by this date.

Jan 31 / Deadline for sending Form 1099-R to participants who received distributions during the previous year.

Jan 31 / Deadline for submitting individually designed plans to the Internal Revenue Service (IRS) Determination Letter Program. (For 2013, this applies to employers with identification numbers that end in 2 or 7.)

Jan 31 / DB Notice of Benefit Restrictions must be provided to participants and beneficiaries of any benefit restrictions that apply due to the plan being less than 80% funded. Note: Due January 31, or 30 days after valuation date at which the restriction is determined.

Feb 15 / Quarterly Benefit/Disclosure Statement for participant-directed defined contribution (DC) plans: Good Faith Compliance (due 45 days after the end of the quarter).

Feb 28 / Deadline for filing Form 1099-R with the IRS to report distributions made in the previous year (if not filed electronically).

Feb 28 / Pension Benefit Guaranty Corporation (PBGC) Form 1-ES Estimated Premium Payment (flat-rate premium for plans with more than 500 participants) due. Note: This is due by the last day of the second month in the premium payment year.