By Infinisource
The following checklist provides employers and benefits and payroll professionals key upcoming dates and deadlines related to health benefits. This reminder list does not constitute all of the deadlines applicable to employers and some deadlines may be different based on variations in plan year or plan design.
NR Topic (Select topic from drop-down menu) | Description | Date |
2011 W-2s. Employers must send the Wage & Tax Statements to employees no later than this date. It includes information on wages and taxable and non-taxable benefits. | January 31, 2012 | |
Form 941 and FUTA Deposit Filing Deadline. Due date for filing Form 941 and FUTA deposits for the prior quarter. | January 31, 2012 | |
Form 940 Filing Deadline. Due date for filing annual Form 940 return for FUTA. | January 31, 2012 | |
CMS Medicare Part D Notice Deadline. Employers with prescription drug coverage must report the creditable status of their coverage to CMS within 60 days of the start of the plan year. | February 29, 2012 | |
End of Grace Period. Typically, FSAs have grace periods of 2 months and 15 days. | March 15, 2012 (for calendar-year plan years) | |
Correction of Excess Contributions to HSAs. Employers may correct any contribution errors by the federal tax-filing deadline to avoid a 35% excise tax. Recently, the IRS extended the normal April 15 deadline to April 17, 2012. | April 17, 2012 | |
New NLRA Notice Posting Deadline. Employers must post a new required notice about rights under the National Labor Relations Act. Click here for more details. | April 30, 2012 |
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