Employee Benefit Plan Updates
Some provisions of 2022’s SECURE Act 2.0 (a follow-up to the SECURE Act of 2019) have been in force for over a year — including several that affect 403(b) retirement plans. If your not-for-profit offers staffers a 403(b) plan, you likely made some minor changes in 2023 and may have made more significant ones on January 1, 2024. A few additional provisions are scheduled to become effective in 2025 and 2026. To help ensure you’re adhering to the applicable rules and implementing enhancements where they make sense, review these significant SECURE Act 2.0 provisions. READ MORE >
The DOL and IRS issued final changes to the Form 5500 Annual Return/Report of Employee Benefit Plan and Form 5500-SF Short Form Annual Return/Report of Employee Benefit Plan and related instructions. Effective for plan years beginning on or after January 1, 2022, changes to the Forms of the 5500 and their respective instructions include: READ MORE >
Employee Benefit Plan Deadlines
- July 31 (calendar-year plans)
- Form 5500 Annual Return/Report of Employee Benefit Plan
- Form 5500-SF Short Form Annual Return/Report of Small Employee Benefit Plan
- Form 5500-EZ Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan
- Form 5558 Extension Application for Extension of Time to File Certain Employee Plan Returns
- October 15 (calendar-year plans)
- Forms\ 5500 series (if Form 5558 filed)