cathyw Posted September 27, 2021 Share Posted September 27, 2021 If an employer sets up a db plan now, before the due date of the 2020 tax return, has the employer already missed the minimum funding deadline? I know that the 2020 SB doesn't get filed until the 2021 5500. But what about minimum funding and excise tax? Thanks. Link to comment Share on other sites More sharing options...
Jakyasar Posted September 27, 2021 Share Posted September 27, 2021 We had this discussion last week for off calendar plans. Not quite finalized, at least to my satisfaction. I personally am not convinced that 9/15 deadline is extended. Others may have different opinions. Link to comment Share on other sites More sharing options...
John Feldt ERPA CPC QPA Posted September 27, 2021 Share Posted September 27, 2021 May set it up with a 2/1/2020 to 1/31/2021 plan year, and the minimum funding deadline is 10/15/2021? Then deal with an off calendar plan. Link to comment Share on other sites More sharing options...
Jakyasar Posted September 27, 2021 Share Posted September 27, 2021 Yes that was the issue we were discussing last week. Link to comment Share on other sites More sharing options...
cathyw Posted September 27, 2021 Author Share Posted September 27, 2021 Thank you for directing me to the earlier thread. It's just what I was looking for. Link to comment Share on other sites More sharing options...
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