Benefits Deadlines Due by May 1
- Provide notice of benefit restrictions under IRC Section 436 to participants if AFTAP[i] for a defined benefit pension plan (certified by actuary as of April 1) is less than 80% and notice has not previously been provided
Due by May 15
- Confirm 401(k)/403(b) plan recordkeepers have provided first quarter benefit statements to participants, including fee disclosure information
- File Form 990 returns for tax-exempt trusts or voluntary employee beneficiary associations (VEBAs) (or file Form 8868 to automatically extend due date to August 15)
Due by May 31
- Deadline for California employers to file electronically in order to satisfy requirements of the California state individual mandate
Special Benefits Projects
- Hold quarterly meeting of Benefits Committee to review investment performance, fees, plan administration data, and plan operational issues for quarter ending March 31
[i] AFTAP: Adjusted funding target attainment percentage
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