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Q: What are the deadlines for Qualified Plans and IRAs? A: IRA contributions must be made by April 15 with no extensions. Qualified plans must be established by the last day of your fiscal year if contributions are to be made for that year. So if you have a calendar year end 12/31/2005, you need to establish the plan on that date for 2005 contributions. The contributions may be made until your company tax year deadline including extensions. 401(k) deferrals must be made no later than 30 days after the contributions are received. For 12/31/2005 that deadline would be 30 days later. SEP and SIMPLE IRA contributions may be made by the company tax deadline plus extensions. |