Upcoming compliance deadlines:
12/31 Deadline for making required minimum distributions for 2018
12/31 Deadline for making corrective distributions for failed 2017 actual deferral percentage (ADP) and actual contribution percentage (ACP) tests with a 10% excise tax penalty, as well as for making a qualified nonelective contribution (QNEC)
12/31 Deadline for making a prospective amendment to add or remove safe harbor status for the 2019 plan year
12/31 Deadline for making a prospective amendment to add eligible automatic contribution arrangement (EACA) and QACA for the 2019 plan year (must give participants notice at least 30 days prior to the effective date)
1/31 2018 Forms 1099 are due to participants
For a no-obligation discussion on the possible impact and steps you should take now, contact Meresa Morgan, our Audit Shareholder with significant experience in this area.