Each year there are numerous important dates and deadlines for actions that must be taken by all retirement plans. We’ve created a calendar that highlights the dates plan sponsors need to be aware of.

All dates are applicable for plans which follow a calendar plan year. Please contact us directly for the applicable dates for non-calendar year plans. Click on a month below to see more.

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JANUARY

Q

January

January 31

  • Deadline for sending Form 1099-R to participants who received distributions during previous year.
  • Deadline for filing Form 945 with IRS to report non-payroll income tax withholding from participant distributions made in previous year, if tax deposits were not made timely.

FEBRUARY

Q

February

February 10

  • Deadline for filing Form 945 with IRS to report non-payroll income tax withholding from participant distributions made in previous year, if all tax deposits were made timely.

February 28

  • Deadline for filing Form 1099-R with IRS to report distributions made in previous year. (Deadline for electronic filing is March 31.)

MARCH

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March

March 15

  • Deadline for processing corrective distributions to Highly Compensated Employees for failed prior year actual deferral percentage (ADP)/actual contribution percentage (ACP) test without 10% excise tax Note: A special deadline may apply to plans that satisfy the requirements of an eligible automatic contribution arrangement (EACA). See “June.”
  • Deadline for filing Partnership or S-Corporation tax returns and contribution deadline for deductibility (without extension) for companies operating on calendar year fiscal year.
  • Deadline for requesting automatic extension (to September 15) for Partnership tax returns.

March 31

  • Deadline for electronic filing of Form 1099-R with IRS to report participant distributions made in the previous year.

APRIL

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April

April 1

  • Required beginning date for participants attaining age 72 or retiring after age 72 in prior year.
  • Deadline for taking first required minimum distribution (RMD) under Internal Revenue Code (IRD) Section 401(a)(9).

April 15

  • Deadline for processing corrective distributions for IRC Section 402(g) excess deferral contributions.
  • Deadline for filing Sole Proprietorship and/or C-Corporation tax returns and contribution deadlines for deductibility (without extension) for unincorporated entities and C-Corporations.
  • Deadline for requesting automatic extension (to October 15) for Sole Proprietorship and C-Corporation tax returns.

April 30

  • Deadline for Defined Benefit Plans to provide Annual Funding Notice to participants (not applicable to one-participant plans).

MAY

Q

May

There are no dates of consequence in May 2022.

JUNE

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June

June 30

  • Deadline for processing corrective distributions to Highly Compensated Employees for failed prior year actual deferral percentage (ADP)/actual contribution percentage (ACP) test without 10% excise tax for plans that satisfy the requirements of an eligible automatic contribution arrangement (EACA).

JULY

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July

July 29

  • Deadline for sending Summary of Material Modification (SMM) (210 days after end of plan year in which the amendment was adopted).

July 31

  • Deadline for filing Form 5500 (without extension).
  • Deadline for filing Form 8955-SSA (without extension).
  • Deadline for filing Form 5558 to request automatic extension of time to file Form 5500 (2½ months).
  • Deadline for filing Form 5330 – Return of Excise Taxes Related to Employee Benefit Plans – used to report and pay excise taxes on prohibited transactions and excess 401(k) plan contributions that occurred in a prior year.

AUGUST

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August

There are no dates of consequence in August 2022.

SEPTEMBER

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September

September 15

  • Extended deadline for filing tax returns for Partnerships and S-Corporations and deadline for deductibility for these entities.

September 30

  • Deadline for distributing Summary Annual Report (SAR) to participants, provided the deadline for Form 5500 has not been extended.

OCTOBER

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October

October 1

  • Deadline for a new 401(k) safe harbor plan to be implemented in the current year (requires a minimum 3-month plan year).
  • Deadline for a new 401(k) safe harbor plan to be implemented in the current year (requires a minimum 3-month plan year).
  • Deadline for a new 401(k) safe harbor plan to be implemented in the current year (requires a minimum 3-month plan year).

October 15

  • Deadline for adopting a retroactive amendment to correct an IRC Section 410(b) coverage or IRC Section 401(a)(4) nondiscrimination failure for the prior year.
  • Extended deadline for filing Form 5500.
  • Extended deadline for filing Form 8955-SSA.
  • Extended deadline for Sole Proprietorship and/or C-Corporation tax returns and final contribution deadline for deductibility for these entities.

NOVEMBER

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November

There are no dates of consequence in November 2022.

DECEMBER

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December

December 1

  • Deadline for sending annual 401(k) and (m) safe harbor notice to participants.*
  • Deadline for sending annual qualified default investment alternative (QDIA) notice to participants.*
  • Deadline for sending automatic contribution arrangement notice (ACA) to participants.*

December 15

  • Extended deadline for distributing Summary Annual Report (SAR)to participants.

December 31

  • Deadline for processing corrective distributions for the prior year’s failed ADP/ACP test with 10% excise tax.
  • Deadline for correcting the prior year’s failed ADP/ACP test with qualified nonelective contributions (QNECs).

* For administrative ease, a combined notice may be provided.

Note: Generally, when the due date for an Internal Revenue Service (IRS) or Department of Labor (DOL) form falls on Saturday, Sunday, or a legal holiday, the deadline is extended to the next business day. However, some dates are statutorily fixed and are not extended to the following business weekday.

Reminder: Required Fee Disclosures

ERISA Section 408(b)(2) Plan Sponsor/Service Provider

  • Initial disclosure: Required within a reasonable period before the contract is entered into or renewed.
  • Annual disclosure: Required following changes in investment information.
  • Additional disclosures: Required no later than 60 days after the effective date of the change for changes in compensation or services provided.

ERISA Section 404(a)(5) Participant

  • Initial disclosure: Required on or before the date when participants can first direct investments.
  • Annual disclosure: Required to be updated and distributed at least annually.
  • Additional disclosures: Required at least 30 days, but no more than 90 days, prior to certain plan changes.

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