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Important Dates 2025

Cash Balance and Defined Benefit Plans

Below are important dates that plan sponsors should keep in mind for their calendar year-end pension plans.

 

January – February: 

  • Plan sponsors should send 2024 data to Corvus Pension Actuaries, LLC as soon as it becomes available.

 

March 15: 

  • Corporate tax deadline.

Corporations that aren’t extending their 2024 tax filing must make their 2024 pension contributions before they file their tax returns. Plans can be established for 2024 any time before the plan sponsor files their 2024 taxes.

Corporations that aren’t extending their taxes and hoping to set up a new plan for 2024, must adopt the plan document before they file their tax returns.

  • 2024 amendment deadline.

March 15th is the last day to amend a pension plan to increase benefits for the 2024 plan year.

 

April 15: 

  • Personal tax deadline.

Businesses, taxed as sole proprietors or partnerships, that aren’t extending their 2024 tax filing must make their 2024 pension contributions before they file their tax returns. Plans can be established for 2024 any time before the plan sponsor files their 2024 taxes.

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Businesses, taxed as sole proprietors or partnerships, that aren’t extending their taxes and hoping to set up a new plan for 2024, must adopt the plan document before they file their tax returns.

 

April – June

  • Pension plan participants accrue benefits once they’ve worked at least 1,000 hours in a plan year. For most employees, this occurs sometime between May and June. Plan sponsors who want to lower their 2025 funding requirement should reach out to Corvus Pension Actuaries, LLC between April and June and let us know that they would like to lower or freeze their plan benefit formula before participants cross the 1,000 hour threshold. 

 

July 31

  • 2024 Form 5500 filing deadline.

This deadline can be extended to October 15th. 

 

September 15

  • 2024 funding deadline.

This is the last day that companies, who have extended their taxes, can fund their pension plans for the 2024 plan year. 

 

October 15

  • 2024 extended Form 5500 filing deadline and 2025 PBGC premium filing deadline. 

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