1/9/2024 0 Comments Due to due from reconciliationNote that this reconciliation date is the same date all premiums are due for Small Plans (see above).įor rules related to estimating and reconciling Variable-rate Premiums, see the "Correcting Filings and Reconciling Estimates" section. However, if the Premium Funding Target is not yet known, an estimated Variable-rate Premium may be paid, and an amended filing made at a later date to reconcile the final Variable-rate Premium with the estimate. ‑ Variable-rate Premium – The due date is the same as the due date for the Flat-rate Premium. ‑ Flat-rate Premium – The due date is the 15 th day of the 10 th full calendar month in the plan year ( e.g., generally October 15 th during the plan year for calendar-year plans). Mid-size Plans (prior year Participant Count-100 or more but fewer than 500).For example, for calendar-year plans, the due date is generally April 30 th after year-end. Small Plans (prior year Participant Count-fewer than 100) – Both the Flat-rate Premium and the Variable-rate Premium are due the last day of the 16 th full calendar month following the end of the plan year preceding the Premium Payment Year.For this purpose, Plan Size is based on the number of participants for whom Flat-rate Premiums were payable for the plan year preceding the Premium Payment Year. This section describes filing due dates for the most common situation-plans that are neither New Plans nor Newly-covered Plans and had no change in plan year since the prior plan year.įor these plans, the filing due dates vary based on the Plan Size. The due date falls on a weekend or Federal Holiday, orĮach of these situations is discussed below.įiling Due Dates for Pre-existing Plans with no change in plan year.The plan is a New or Newly-covered Plan,.The plan year has been changed since last year,.The date by which a filing must be made varies depending on the number of participants for whom premiums were owed in the prior plan year. See "Late Payment Charges" section for more information on the ramifications of missing a deadline. Late payment charges include both interest charges and penalty charges. ![]() In general, if a filing is not made by the due date, late payment charges will apply. ![]() A filing includes both the submission of required data and the payment of any required premium. This section describes when premium filings are due.
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