Benefit Plan Year-End Action Items 

It’s a busy time of year!

As we approach the end of the year, employers have to handle a number of critical tasks to ensure compliance with various employee benefit plan requirements. The deadlines for (1) distributing annual notices, (2) amending plan documents for 2024 plan design changes, and (3) implementing upcoming changes in law are all approaching quickly. It’s essential for employers to plan ahead and coordinate with service providers to avoid any compliance gaps.

This chart provides an at a glance summary of what employers need to know for year-end benefit plan compliance, by plan type.

If you have any questions related to this Client Alert, please do not hesitate to contact any member of the Employee Benefits & Executive Compensation group or your regular Smith Anderson lawyer.

Special thanks to contributing author Kathy Lockhart, Smith Anderson paralegal.