Important Dates and Contribution Limits

As a fiduciary, you wear a lot of hats! To keep a company running like a well-oiled machine can be tricky when there are many important dates and deadlines to remember.

Use this helpful guide to highlight a few of the top compliance deadlines and most-asked-about contribution limits.

2024 Retirement Plan Updates

ANNUAL TIMELINE

January 3rd week

PlanPerfect emails out Annual Data Request. This includes:

  • Census request: dates of birth/hire/ termination for all employees including hours
  • W2’s
  • Partnership K1’s
  • Is a corporate entity or partnership going on extension?

March

S-Corp, C-Corps, Partnerships 

If NOT on extension, then the contribution is due March 15th

April

Sole Proprietor

If NOT on extension, then the contribution is due April 15th

September

S-Corp, C-Corps, Partnerships 

If ON extension, then the contribution is due Sept 15th

October

Sole Proprietor

If ON extension, then the contribution is due October 15th

IMPORTANT DATES & DEADLINES

March 15th

ADP/ACP¹ Testing Deadline to avoid excise taxes unless EACA² for the full year

July 31st

Form 5500 Filing Deadline (without extension)

Oct 15th

Form 5500 Filing Deadline (with extension)

Dec 1st

Deadline: Sending annual 401(k) and safe harbor match notice

CONTRIBUTION LIMITS  FOR EMPLOYEES

  • 401(k) – $23,000
  • Catch Up for employees age 50 or older – $7,500
  • HCE 

Highly Compensated Employees (in the prior year) – $155,000

  • Profit Sharing – $69,000

$76,500 (50+)

Contact Our Retirement Plan Administrators Today

If you have questions about upcoming retirement plan dates, deadlines, or limits, don’t hesitate to reach out to PlanPerfect Retirement for more information and help with the administration of your business’s retirement plan.

As a fiduciary, you wear A LOT of hats. It can be difficult to keep all the dates and deadlines straight. Contact PlanPerfect with any questions at [email protected] or call us at 949-223-8397.

*The deadlines in this calendar are for plans with calendar-year plan years. If the filing deadline falls on a Saturday, Sunday, or legal holiday, the DOL provides that filing dates are delayed until the next business day.
¹ Actual Deferral & Actual Contribution Percentage
² Eligible Automatic Contribution Arrangements

For Plan Sponsor Use Only – Not for Use with Participants or the General Public

This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.