SBAM PEP Year-End Planning Information

As a plan sponsor of the SBAM Pooled Employer Retirement Plan, we want to make sure that our partners help guide you through the year-end data collection process.

Below is the recording from our Zoom meeting on December 5th with our partners at TAG, Transamerica and Graystone/Morgan Stanley in which we reviewed the following:

• Preparation for key communications that you will receive related to your 401(k) plan
• Established expectations for the timing of plan testing and profit sharing (if applicable)
• Provided a market and investment plan menu update
• Reminders of key deadlines for year-end data collection

TAG Anticipated Year-End Communications Schedule

The week of 12/11/23 – 2024 Fee Schedules sent for signature

*Note: the fees have not changed and this is an annual certification.

• 12/22/2023 – Email to plan sponsors requesting electronic signatures
• 1/2/2024 – Email request to sponsors for census and payroll certification.

*Note: Additional deadlines may be provided in this email.

• Deadline to turn in compliance material (non-safe harbor) – 2/1/2024
• Deadline to turn in compliance material (Safe Harbor plans) – 3/1/2024

TAG has not released their profit-sharing communications schedule. If you have a profit-sharing plan and would like to make a contribution, please reach out to your Participant Education Financial Advisor or Jeff Rogers at Jeffrey.Rogers@msgrasytone.com and he will assist with the next steps.