401(k) Annual Administration Checklist for 2025

This document is a guide for the annual administration of 401(k) plans for the year 2025. It outlines the fiduciary responsibilities of employers in ensuring that plan administration tasks are completed on time. The guide emphasizes the importance of using a checklist to manage these tasks effectively, which include nondiscrimination testing, Form 5500 reporting, participant disclosure, and plan document maintenance. The checklist is divided into three sections: Deadline Tasks, Periodic Tasks, and Plan Records. Each section details specific tasks that need to be completed by certain deadlines or periodically throughout the year. The document also highlights the necessity of monitoring the performance of 401(k) providers to ensure compliance with plan requirements. Additionally, it provides guidance on record retention in accordance with ERISA regulations, emphasizing the importance of maintaining detailed records for at least six years. Overall, the guide aims to simplify the administration process for employers.