leighl Posted March 7, 2017 Posted March 7, 2017 Specifically, if a calendar year plan files their 5500 prior to July 31st but they also have an extension (5558 was filed timely), when is the deadline for the SAR? Everything I've read says two months after the filing deadline including extension. Does that give the plan sponsor until December 15th to distribute the SAR? Many of my clients include the SAR in the annual filings even if they have filed before July 31st. Thanks!
david rigby Posted March 7, 2017 Posted March 7, 2017 Due date description is in DOL reg. 2520.104b-10(c). Or, you can see this DOL summary. https://www.dol.gov/sites/default/files/ebsa/about-ebsa/our-activities/resource-center/publications/rdguide.pdf I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Peter Gulia Posted March 8, 2017 Posted March 8, 2017 If a plan has a significant number of participants who get postal-service mail (rather than e-mail), some such plans bunch many required notices (at least for retirement plans, or for all health, other welfare, and pension benefits) so they can be mailed in one envelope - often in late November, to include notices to be delivered at least 30 days before a new year begins. (Please understand that I don't advocate for or against this idea; I seek only to learn more.) Has anyone made a list of the many notices and other required or desired communications one could put into such a Thanksgiving envelope? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
leighl Posted March 9, 2017 Author Posted March 9, 2017 On 3/8/2017 at 8:52 AM, Fiduciary Guidance Counsel said: If a plan has a significant number of participants who get postal-service mail (rather than e-mail), some such plans bunch many required notices (at least for retirement plans, or for all health, other welfare, and pension benefits) so they can be mailed in one envelope - often in late November, to include notices to be delivered at least 30 days before a new year begins. (Please understand that I don't advocate for or against this idea; I seek only to learn more.) Has anyone made a list of the many notices and other required or desired communications one could put into such a Thanksgiving envelope? The plan has both safe harbor and QDIA notices, as well as fee disclosures.
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