403(b) Compliance Dates for 2018
The new year is well under way, and dates by which compliance-related functions concerning 403(b) plans must be performed already loom ahead.
Farhad Mirzada of Cammack Retirement provides a comprehensive calendar
that includes dates during 2018 by which such reporting, filing and other such compliance-related functions need to be done. It also provides information and reminders concerning ongoing compliance-related functions.
Among them: Jan. 31:
Census data needs to be submitted by plan sponsors for calculations to determine if the limit under Internal Revenue Code Section 402(g) for 2017 has been exceeded; also, Forms 1099-R are due to be issued to participants to report 2017 distributions.Feb. 28:
Form 1099-R information transmitted to the IRS. April 1:
Initial required minimum distributions (RMDs) due to be sent to inactive plan participants who attained age 70½ during 2017.July 1:
Summary of material modifications due to participants if there were amendments to the plan in 2017.July 31:
Form 5500 due to be filed by ERISA calendar-year plans, unless an extension has been granted. Oct. 15:
Form 5500 due to be filed by ERISA calendar-year plans for which an extension has been granted. Dec. 31:
RMDs due to be made to participants who have begun to receive distributions.