Deadlines

The deadline to distribute any 2015 ADP/ACP test failures in order to avoid a 10% IRS excise tax (applicable to non-safe harbor 401(k) plans only) is March 15, 2016.

March 15, 2016 is also the deadline for corporations to make any employer contributions they want to deduct on their 2015 tax return (assuming no extension).

If your plan is subject to the March 15 deadline, please return a completed 2015 census and survey to your Client Relationship Manager as soon as possible.  2015 ADP/ACP testing and contribution allocations will be completed on a first in, first out basis.