Fulcrum Compliance Calendar

May 2021 Benefits Deadlines

Fulcrum Partners. Human Resources

Thank you Isler Dare PC for always keeping us informed regarding upcoming benefits deadlines and for permitting us to share these updates here on Deferred Compensation News.

Fulcrum Partners shares Isler Dare News

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

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated herein.

Securities offered through Lion Street Financial, LLC (LSF) and Valmark Securities, Inc. (VSI), each a member of FINRA and SIPC. Investment advisory services offered through CapAcuity, LLC; Lion Street Advisors, LLC (LSF) and Valmark Advisers, Inc. (VAI), each an SEC registered investment advisor. Please refer to your investment advisory agreement and the Form ADV disclosures provided to you for more information. VAI/VSI, LSF and CapAcuity, LLC. are non-affiliated entities and separate entities from OneDigital and Fulcrum Partners.

Unless otherwise noted, VAI/VSI, LSF are not affiliated, associated, authorized, endorsed by, or in any way officially connected with any other company, agency or government agency identified or referenced in this document.

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