By: Mark Strand, VP Senior Trust Officer
Being a retirement plan sponsor involves many tasks including being compliant with federal regulations. Below is a compliance calendar for Defined Contribution (DC) plans with a plan year starting January 1st, this retirement plan compliance calendar lists key IRS and Labor Department reporting and disclosure deadlines for 2021.
Trust Department – Compliance Calendar
These are key dates all plan sponsors should be aware of and schedule when they need to take action such as signing and filing IRS forms, making sure plan documents are in order, meeting contribution requirements, compliance testing, and distributing required notices to all plan participants.
This calendar is intended to provide you with some of the significant regulatory dates for 2021. It may not identify all compliance obligations or due dates specific to your plan. The deadlines in this calendar are for calendar-year plans.
For questions on your specific plan, contact Mark Strand, VP Senior Trust Officer, at First Western Bank & Trust at 701-551-1324 or mark.strand@firstwestern.bank.