J.P. Morgan takes care of many of the administrative tasks for the plan on your behalf, one of which is filing an annual tax form to the IRS called Form 5500, which is an informational tax filing. In order to file the annual Form 5500 on your behalf, there are certain questions that we are required to ask. Please use this guide to help answer these questions as best you can, and email us if you need additional assistance.
Census Deadlines by Plan Type:
- Traditional: February 2, 2026
- Safe Harbor: March 2, 2026
- Profit Sharing Only: March 2, 2026
Correction Method Selection Deadlines:
- ADP/ACP failures need to approve the refund of excess contributions by March 6, 2026 to ensure it is processed by March 16, 2026.
- 402g/415 failures need to approve the refund of excess contributions by April 3, 2026 to ensure it is processed by April 15, 2026.
For more information about annual testing, please see our articles here, and here.
If you have any questions or need further assistance, please contact us at everyday401k.success@vestwell.com