Year-end Deadlines for Implementing & Funding a Qualified Plan

Your business owner client has the option of implementing employer-funded qualified plans (Profit Sharing, Defined Benefit, etc.) up to the deadline for filing their taxes. However, if you would like to implement the plan and fund it before December 31, 2023, some TPAs have an earlier deadline.

It is important to note that though NLG does not require the use of any particular TPA, two of our trusted TPA relationships have the following deadlines for receiving plan documents (in good order):

• Pentegra – October 15^th
• RMC Group (CJA and Associates) – December 4^th

Please note that different TPAs have different deadlines for receival of plan documents (in good order) and that the above deadlines only apply if you wish to have the plan implemented and funded prior to December 31^st.

For more details on how to implement a qualified plan, please refer to:

Advanced Markets Digital Playbook on
QUALIFIED RETIREMENT PLANS