2025 Compliance Calendar
With the new year comes a new cycle of compliance deadlines. We are here to keep you updated and informed so that you don’t miss a beat.
New for 2025
Jan 1: Long-term, part-time employees are eligible to participate in the plan. Eligible employees include those with 2 consecutive years with 500+ hours of service per year
Q1 Deadlines
Jan 31: Sending IRS forms to participants 1099-R for participants who received distributions from the plan in the previous year as well as Forms W-2, 945, 1099-NEC, and 1099-MISC
Feb 28: Filing Form 1099-R on paper with IRS to report distributions made in previous year. Deadline for electronic filing is March 31
March 15: ADP/ACP test corrective distributions to avoid 10% excise tax
March 15: Filing partnership tax returns and contribution deadline for deductibility
(without extension) for companies operating on calendar-year fiscal year
March 15: Requesting automatic extension to September 15 for partnership tax returns
March 31: Electronic filing of Form 1099-R to report distributions made in previous year
Please reach out with any questions, we are here to support!
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Securities and advisory services offered through LPL Financial a registered investment advisor, Member FINRA/SIPC.
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.
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