While Santa Claus may get away with waiting until December to make his list and check it twice, plan sponsors usually need a bit more lead time to make sure they've complied with all the deadlines for qualified plans.
To that end, here's a checklist of items, thanks to the lawyers at Bryan Cave, that need attention well before you start decking the halls and planning that New Year's Eve party.
1. Determination letters. Sponsors of individually designed plans, which are on a five-year cycle, may be required to renew their determination letters with the IRS. Employers with employer identification numbers ending in 4 or 9 are assigned to Cycle D, which ends on Jan. 31, 2015. Multiemployer plans are usually assigned to Cycle D.
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