| 2008
Deadlines for Calendar Year 2007 Plan |
Action/Form
Name |
Form
Number |
When
Due |
Who
Is Responsible |
Delivered
To |
| Recurring
Deadlines for 401(k) Plan
|
| Each
pay-period |
Deferral
Remittance |
|
Within
4 business days |
Employer |
Trust
/ Custodian |
| 01/31 |
Distribution
Reporting |
Form
1099-R |
01/31 |
Payor |
Recipient |
| 01/31
or 02/11 |
Annual
Return of Withheld Federal Income Tax |
Form
945 |
01/31
or 02/11 if taxes timely paid |
Payor |
IRS |
| 02/28 |
Distribution
Reporting to IRS |
Forms
1099-R / 1096 |
02/28 |
Payor |
IRS |
| 03/17 |
Corrective
Distribution for failed ADP / ACP without 10% Excise Tax |
|
If
failed, correction by 2-1/2 months after plan year-end |
Employer
/ Trustee |
Participants |
| 03/31
(for Jan 1 entry) |
Summary
Plan Description |
|
Within
90 days of becoming a participant |
Plan
Administrator |
Participants |
| 07/31 |
Summary
of Material Modifications |
|
210th
day after end of plan year when modification was adopted |
Plan
Administrator |
Participants,
Beneficiaries |
| 07/31 |
Annual
Report of Plan (with Schedules) |
5500
series filing |
Last
day of 7th month beginning after end of plan year (or as extended) |
Plan
Sponsor |
DOL |
| |
-
OR - |
|
|
|
|
| 07/31 |
Request
for Automatic Extension - 5500 Series (2-1/2 months) |
Form
5558 |
Due
date for Form 5500 |
Plan
Sponsor |
IRS |
| 09/30 |
Summary
Annual Report |
|
Last
day of 9th month beginning after end of plan year (or as extended) |
Plan
Administrator |
Participants,
Beneficiaries |
| 10/15 |
Extended
Deadline for Filing Plan's Annual Report |
Form
5500 |
2-1/2
months after original filing deadline |
Plan
Sponsor |
IRS |
| 10/15 |
Extended
Deadline for Filing of Individual or Partnership Tax Return
(and final contribution deadline for deductibility for Unincorporated
Entities) |
Form
1040, Form 1065 with Schedule K-1 |
Six
months after original due date |
Sole
Proprietor, Partnership, LLC or LLP (assuming election to be
taxed as unincorporated entity) |
IRS
/ Partner / Member |
| 11/01 |
SIMPLE
Plan Notice |
|
60
days prior to the start of the plan year |
Plan
Administrator or Plan Sponsor |
Participants |
| 12/01 |
Safe
Harbor Plan Notice (and Contingent Notice for 3% safe harbor
contribution, if applicable) |
|
30-90
days prior to start of plan year using Safe Harbor design |
Plan
Administrator or Plan Sponsor |
Participants |
| 12/01 |
Supplimental
Notice for Safe Harbor Plan that issued Contingent Notice at
beginning of year as to whether 3% safe harbor will be made
for the current year |
|
At
least 30 days before end of plan year |
Plan
Administrator |
Participants |
| 12/15 |
Extended
Deadline for Summary Annual Report |
|
Two
months after the extended deadline for filing Form 5500 |
Plan
Administrator |
Participants,
Beneficiaries |
| 12/31 |
Prospective
Amendment to Remove Safe Harbor Status (for following year)
|
|
No
later than December 31 of current year |
Plan
Sponsor / Plan Administrator |
Plan
Files |
| |
| Other
Possible Nonrecurring Deadlines
|
| |
Summary
of Material Modifications |
|
210
days after end of plan year in which amendment is adopted |
Plan
Administrator |
Participants,
Beneficiaries |
| |
Black
Out Notice |
|
30-60
days prior to last day in which participant may effect change |
Plan
Administrator |
Participants,
Employer (if publicly traded company stock is involved) |
