12/30/2004: Overview: IRS Guidance on Automatic Rollovers of Cash-Out Distributions (PDF) (Sutherland Asbill & Brennan LLP)
5 pages. Excerpt: "The Economic Growth and Tax Relief Reconciliation Act of 2001 ('EGTRRA') amended section 401(a)(31)(B) of the Code to require that cash-outs with a present value between $1,000 and $5,000 be rolled over automatically into an IRA, unless the participant affirmatively elects otherwise. On September 28, 2004, the Department of Labor ('DOL') issued final regulations establishing a safe harbor for fiduciaries of retirement plans making automatic rollovers of these mandatory ...."
Google: Other sites linking to this item
Important word about authorship:
BenefitsLink ® (BenefitsLink.com) provides this page for you, with a hypertext link to an item we think is interesting and valuable for companies sponsoring employee benefit plans, employees who participate in plans, and firms who provide products and services to plans. But BenefitsLink is not the author of the item to which this hypertext link will take you (unless expressly indicated there).
|
|
|
