Spring 2011 issue of Horizons

General Topics – continued

September 15, 2011 Deadline for Depositing Employer Contributions (Extension)

to the IRS within fifteen months after the close of the plan year to which the distributions apply.

If a request for a six-month extension of time to file the Corporation’s Federal Corporate Income Tax Return was sent to the IRS, September 15 is the deadline for corporations with a December 31, 2010, tax year end to deposit employer contributions to the plan’s trust in order for them to be deductible.

April 1, 2011 Deadline for Making Required Minimum Distributions (RMD) Internal Revenue Code deadline for distributing the 2010 initial RMD to affected participants. Individuals who attained age 70 1/2 prior to 2011 and either retired or were terminated, or are at least 5% owners must receive RMD. April 15, 2011 Deadline for Distributing Excess Deferral Contributions Internal Revenue Code deadline for distribution June 30, 2011 Failed Actual Deferral Percentage (ADP) or Actual Contribution Percentage (ACP) Test for an Eligible Automatic Contribution Arrangement (EACA) 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 for a plan that has an “eligible automatic contribution arrangement.” of excess deferral contributions to affected participants for the 2010 calendar year.

September 30, 2011 Distribution of Summary Annual Report (SAR)

Deadline for distributing the SAR to participants for the plan year ending December 31, 2010, unless a request was made for a two and one-half month extension of time to file Form 5500 or Form 5500-SF. October 17, 2011 Deadline for Filing Form 5500 or Form 5500-SF (Extension) Deadline to file Form 5500 or 5500-SF if a request for a two and one-half month extension of time to file was made by August 1, 2011. This is a reminder for the next plan year December 1, 2011 Deadline for Distributing Participant Notices Deadline for distributing the 401(k) Safe Harbor Contribution (Safe Harbor), Eligible Automatic Contribution Arrangement (EACA), Qualified Automatic Contribution Arrangement (QACA) and Qualified Default Investment Alternative (QDIA) notices to affected participants for the plan year beginning January 1, 2012. (The notice must be distributed to eligible participants at least 30 days but not more than 90 days before the beginning of the plan year. In addition, the notice must be distributed to new employees who become eligible during the plan year within a reasonable time before they become eligible.)

August 1, 2011 Deadline for Filing Form 5500 Series Return

Deadline to electronically file Form 5500 or Form 5500-SF (Short Form Annual Return/Report of Small Employee Benefit Plan) for plans with fewer than 100 participants as of the beginning of the plan year and related schedules to the DOL for the plan year ending December 31, 2010. A two and one-half month extension of time to file can be requested to extend the deadline.

Raise Your Expectations

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