Are your distribution consent notices up to date?
$225.00
Description
Abstract: The Pension Protection Act of 2006 (PPA) mandated that plan sponsors give qualified retirement plan participants notice about the distribution of their benefits when the distribution requires the participant’s consent. The IRS has recently proposed regulations that provide guidance on the information that plan sponsors must include in this distribution notice. This article explains how the regulations affect the content and timing of the distribution notices to ensure that participants are fully aware of the consequences of taking an immediate distribution and failing to defer.
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