December 31, 2014: Important Year-End Deadlines

For qualified retirement plans, there are several important deadlines each December 31st. For companies whose fiscal year is the calendar year, it is the last day to adopt a new plan for the current tax year. Many amendments are required to be signed by the end of the year. Additionally, if required minimum distributions are required for participants older than age 70 1/2, they generally must occur by December 31st. Please contact your account manager if you have any questions about year-end deadlines that may apply to your plan.