Deadline for making ADP/ACP failed testing refunds to HCE’s in order to avoid 10% excise tax penalty.
Make sure all 401(k) deferrals (contributions) have been deposited timely each pay period.
Plan audit is required for large plans. It will accompany 5500 when filed.
Return your annual employee census to your administrator within 30 days of the plan year end.
Be sure the person signing the Form 5500 this year has obtained their electronic signature credential from EFAST.
Ensure your 401(k) administrator has all the information needed to prepare the Form 5500. The deadline is fast approaching (July 31).
Provide Automatic Contribution Arrangement (ACA) Notice at least 30 days before the beginning of the plan year.
Deadline to adopt prospective Amendment to add Automatic Enrollment for next year.
Adopt prospective amendment to remove Safe Harbor provisions for 2015
Complete ADP and ACP testing to ensure compliance. If tests fail and corrections are not made by this date, excise tax penalties may apply.