Human Resources

Retirement and Other Benefit Deadlines Checklist for May 2022

Retirement and Other Benefit Deadlines Checklist for May 2022

Author Executive Benefits Team
Date April 26, 2022
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The Executive Benefits Team is pleased to share the following report, prepared by the Employee Benefits group at Isler Dare PC, providing you a list of upcoming benefit deadlines.

After a busy month in April, it is great to have a short checklist of retirement and other benefit deadlines for May.

Deadline May 1, 2022

  • Provide notice to participants of benefit restrictions under IRC Section 436 if AFTAP[i] for a defined benefit pension plan (certified by actuary as of April 1) is less than 80% and notice has not previously been provided

Deadline May 15, 2022

  • Confirm 401(k)/403(b) plan recordkeepers have provided benefit statements to participants for quarter ending March 31, including fee disclosure information, to participants

Deadline May 16, 2022

  • File Form 990 returns for tax-exempt trusts or voluntary employee beneficiary associations (VEBAs) (or file Form 8868 to automatically extend due date to August 15)

Special Projects

Hold quarterly meeting of the Benefits Committee to review investment performance, fees, plan administration data, and plan operational issues for the quarter ending March 31.


[i] Adjusted funding target attainment percentage

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This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated herein.

Securities offered through Lion Street Financial, LLC (LSF) and Valmark Securities, Inc. (VSI), each a member of FINRA and SIPC. Investment advisory services offered through Lion Street Advisors, LLC (LSA) and Valmark Advisers, Inc. (VAI), each an SEC registered investment advisor. Please refer to your investment advisory agreement and the Form ADV disclosures provided to you for more information. VAI/VSI and LSF/LSA are non-affiliated entities and separate entities from OneDigital.

Unless otherwise noted, VAI/VSI, LSF/LSA are not affiliated, associated, authorized, endorsed by, or in any way officially connected with any other company, agency or government agency identified or referenced in this document.

Lion Street Advisors // Lion Street Financial

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