Plan Sponsor News

CONTENTS
Compliance and Reporting ➝
Key Deadlines and Resources ➝
Reports Available ➝
Planning Tool ➝

Things to Know ➝
Audit Requirements for 100+ Participant Plans ➝
Updated SEP-IRA Annual Mailing ➝
SECURE 2.0 Act Updates ➝
Tax Forms ➝

News ➝
Enhanced Account Registration with Plaid ➝
Stronger Security with Passkey Authentication ➝
Mutual of America Waives Shareholder Services Fee on Target-Date Funds ➝
PSCA Webcast: 2025 403(b) Plan Survey Results: Key Trends to Benchmark Your Plan ➝
Community Partnership Award Competition ➝

Q1 2026
Nondiscrimination Testing (NDT): January plan year testing should be underway.
Census Data: Due January 31 for applicable plans; submit or formally opt out if not completed.
ADP/ACP Refunds: Deadline to process refunds for failed testing was March 13.

Looking Ahead: April–June
April 1: Issue first‑year Required Minimum Distributions (RMDs) for applicable participants.
April 15: Final day to process corrective distributions for certain plan errors.
April 15: Form 5500 extended filing deadline for the July 2024 plan year.
May 15: Provide quarterly benefit statements for participant‑directed defined contribution plans.
June 30: Complete refunds or recharacterizations for plans that failed the 2025 ADP/ACP test under eligible automatic contribution arrangements.
June 30: 12-month deadline for July plans to complete refunds that failed the 2024 ADP/ACP test.

July Plan-Year Sponsors
Begin preparing for annual filings, compliance testing, and contribution deadlines.
Review eligibility, remittance timing, and year‑end reconciliation to reduce delays and audit findings.

For more information, visit our 2026 January ERISA Plan Compliance Calendar.

Reports Available

Elective Deferral Limit (EDL) Report: Available in SponsorConnect/PSDR Reports.
Audit Reports and Kits: Available in SponsorConnect for January plan year clients.
Contact your Client Relationship Manager with questions.

Planning Tool
Use the ERISA compliance calendar to track Form 5500 filings, Form 8955‑SSA submissions, Summary Annual Report distribution, quarterly statements, and RMD processing.

Audit Requirements for 100+ Participant Plans
Retirement plans must undergo an annual audit once they reach large‑plan status, generally at 100+ eligible participants, unless the 80–120 Rule applies. More details are available in the full audit guidance.

Updated SEP‑IRA Annual Mailing
SEP‑IRA plans with no contributions and no active participants for at least two years have received notices advising that their plans may be terminated if no action is taken. Sponsors who wish to continue contributions must contact their Mutual of America representative within 60 days.

SECURE 2.0 Act Updates
Several SECURE 2.0 Act provisions are now in effect, including expanded eligibility for Long‑Term Part‑Time (LTPT) employees and upcoming Roth catch‑up requirements for Highly Paid Individuals (HPIs) beginning in 2026. Sponsors should review payroll readiness and participant communications to ensure smooth implementation. See our SECURE Act FAQs for more information.

LTPT Rules
LTPT employees who work enough qualifying hours over consecutive years must be allowed to make elective deferrals and follow the same entry‑date and vesting rules as regular employees. Sponsors should ensure accurate hour tracking and timely reporting of LTPT transitions. For more information, please see our webinar SECURE 2.0 Act: What’s Coming in 2026.
Roth Catch‑Up Requirements (2026)
Beginning in 2026, participants age 50+ who earned more than $150,000 in 2025 FICA wages from their current employer must make catch‑up contributions as Roth. Plans that wish to offer catch‑ups must enable Roth deferrals and ensure payroll systems support the requirement.

Tax Forms
Participants who took a distribution or had other taxable activity during 2025 received tax forms—including IRS Form 1099‑R—by January 31. Participants who did not take distributions or have other taxable activity typically will not receive a tax form.

Enhanced Account Registration with Plaid
Mutual of America has introduced a streamlined online account registration experience powered by Plaid, replacing the previous Experian process. Plaid uses secure identity verification—including photo ID upload and live selfie matching—to confirm participant identities, resulting in a smoother onboarding experience and higher verification success rates, particularly for individuals with limited credit history.

Stronger Security with Passkey Authentication
Passkeys are now available on the Participant Portal, replacing passwords with secure, device‑based credentials. Participants sign in using biometrics or a device PIN, reducing phishing risk, improving login success, and minimizing password reset requests for a faster, more secure experience.

Mutual of America Waives Shareholder Services Fee on Target-Date Funds
Effective January 1, 2026, Mutual of America waived the 10-basis-point Shareholder Services Fee on all MoA Clear Passage Target-Date Funds. Eliminating this fee reduces participant costs, improves transparency, and strengthens our client-first approach while enhancing the long-term value and competitiveness of our retirement investment offerings for participants nationwide today.

PSCA Webcast: 2025 403(b) Plan Survey Results: Key Trends to Benchmark Your Plan
Plan sponsors are invited to register for an upcoming PSCA webcast, 2025 403(b) Plan Survey Results: Key Trends to Benchmark Your Plan, taking place on April 8, 2026, from 2:00 p.m. to 2:50 p.m. EST. The webcast will feature Ivan Gregory, Executive Vice President and Head of Service and Sales, East at Mutual of America Financial Group, who will walk through the latest survey results and discuss emerging trends shaping the 403(b) landscape.

The live webinar is free and open to all. Register now through April 7.

Following the event, PSCA will host an on-demand recording in the PSCA portal at no cost to PSCA members. Survey respondents will also receive a complimentary copy of the report. Non-members may access the on-demand version for a $102 fee.

This timely session offers plan sponsors valuable insights to help benchmark their plans and stay aligned with evolving industry practices.

Community Partnership Award Competition
The Mutual of America Foundation Community Partnership Award honors nonprofit organizations whose collaborative programs create measurable community impact. Each year, an independent committee recognizes partnerships that demonstrate innovation, effectiveness, and potential for replication. Applications for the 2026 Community Partnership Award are being accepted through July 1, 2026.