ERISA Roundup - Q4 2019

2020 DEADLINES AND IMPORTANT DATES FOR PLAN SPONSORS

January 2020
January 30: Single-employer defined benefit plans that are less than 60 percent funded must inform participants by Jan. 30 or 30 days after the benefit restriction is determined.
January 31: Distribute 2019 IRS Form 1099-R to participants by Jan. 31 for distributions paid during 2019.
January 31: 2019 Form 945 must be filed with the IRS by Jan. 31.
January 31: File 2019 IRS Form 1096 and 2019 IRS Forms 1099-R with IRS (paper transmittal) by Jan. 31 for 2019 tax year.

February 2020
February 14: File PBGC Form 10 by Feb. 14, Post-Event Notice of Reportable Events for single-employer defined benefit plans.
February 17: Review and approve compliance testing results sent by plan administrator by Feb. 17.
February 28: Employers choosing to file paper 2019 IRS Form 1094-C and 2019 IRS Forms 1095-C with the IRS must do so by Feb. 28, to prove compliance with the Employer Shared.
February 28: Responsibility Mandate of the Affordable Care Act (ACA)Action: Recordkeeper, Employer or other responsible party files 2019 IRS Form 1096 and 2019 IRS Forms 1099-R with IRS (electronic transmittal) by Feb. 28 for 2019 tax year.

March 2020
March 2: File PBGC form 1-ES, the estimated premium payment for plans with 500 or more participants, by March 2.
March 31: Employers choosing to file electronic 2019 Form 1094-C and Forms 1095-C must do so by March 31, to prove compliance with the Employer Shared Responsibility Mandate of the Affordable Care Act (ACA).