Spring 2011 issue of Horizons

January 1, 2011 Retirement Plan Limits Review your payroll system to limit the following contribution information: • Annual compensation limit for calculating employee and employer contributions, and forfeitures - $245,000 • Deferral contributions (pretax and Roth) - $16,500 • Catch-up contributions (participant 50 years of age or older in 2011) - $5,500 • Annual addition - the total of all employee and employer contributions, and forfeitures for the limitation year - $49,000 (excluding catch-up contributions) Update Participant Beneficiary Designation Forms Disseminate beneficiary designation forms to newly eligible participants, existing participants who have had a life event that may impact their previous beneficiary designations (i.e., marriage, children, divorce, military leave, etc.), and beneficiaries of recently deceased participants. You may also consider sending information about updating beneficiary designation forms to all participants, including those who are inactive or not currently employed by your company. (Distributions From Pensions, Annuities, Retirement or Profit Sharing Plans, IRAs, Insurance Contracts, etc.) Deadline for mailing the forms to the participants and beneficiaries who received retirement plan distributions during 2010. Mailing of IRS Form 945 (Annual Return of Withheld Federal Income Tax) Mailing of the form to the IRS to report the amount of federal income tax withheld during 2010 for distributions made to participants and beneficiaries. The filing deadline is extended to February 10, 2011 if you made your deposits on time and in full during 2010. January 31, 2011 Mailing of IRS Forms 1099-R

IRS Determination Letter Requests Deadline for individually designed plans on Cycle E (Employers with an employer identification number that ends in 0 or 5) to file a request for a determination letter with the IRS February 28, 2011 Filing IRS Form 1096 (Annual Summary and Transmittal of U.S. Information Returns) with IRS Form 1099-Rs (Paper Documents) Deadline for filing paper documents of IRS Form 1099-Rs to the IRS for distributions made to participants and beneficiaries during 2010 March 15, 2011 Deadline for Depositing Employer Contributions Deadline for corporations with a December 31, 2010 tax year end to deposit employer contributions to the plan’s trust so the employer contributions will be deductible for the December 31, 2010 tax year. This date may be extended for an additional six months to file the Corporation’s Federal Corporate Income Tax Return. Failed Actual Deferral Percentage (ADP) or Actual Contribution Percentage (ACP) Test Deadline for making corrective distributions to affected participants due to a failed ADP and/or ACP test to avoid the Internal Revenue Code 10% excise tax for the plan year ending December 31, 2010. (The deadline is June 30, 2011 for a plan that has an eligible automatic contribution arrangement (EACA).) March 31, 2011 Filing IRS Forms 1099-R (Electronically) Deadline for electronically filing copies of IRS Form 1099-Rs to the IRS for distributions made to participants and beneficiaries during 2010. Reporting Excise Taxes Deadline for filing IRS Form 5330 (Return of Excise Taxes Related to Employee Benefit Plans) to report excise taxes on corrective distributions for a failed December 31, 2009 ADP and/or ACP test that were distributed after March 15, 2010 for a plan, other than an EACA. The form and payment must be submitted

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