Understanding Enrollment and Contribution Deadlines
Tuesday, March 18th, 2008401(k) deadlines vary from plan to plan, and are separate from any deadlines a contributing employer may impose. The IRS outlines firm annual 401(k) enrollment and contribution deadlines. Understanding meanings of these deadlines will enable you to plan and budget to meet IRS requirements.
Enrollment Deadlines: Enrollment deadlines specify the date which you must set up the 401(k) retirement plan account.
Contribution Deadlines: Contribution deadlines speficy the date or dates which you must make contributions into your 401(k) plan.
Check with your employer and tax advisor for specific deadlines for any 401(k) plan you may be currently enrolled in or plan to join. They will assist you in ensuring you maintain your 401(k) tax advantage.
