With 2012 almost gone, this is a good time to look forward to next year. Vanguard provides a simple 2013 compliance calendar for plan sponsors, including requirements for plan- and participant-level fee disclosure. Activities and report deadlines include:
• 5500 filings and extensions
• ADP/ACP tests (discrimination testing)
• RMDs (required minimum distributions)
• Summary Annual Reports
• Safe harbor notices
• QDIAs
Though many advisors rely on TPAs and providers to do the heavy lifting, ultimately clients look to their advisors to make sure everything gets done right and on time. Finger-pointing isn’t part of a viable business strategy.
