JAY21 Posted October 6, 2005 Posted October 6, 2005 Anyone know what date a plan would have had to be terminated by in order to avoid needing the mandatory IRA rollover amendment ?
david rigby Posted October 7, 2005 Posted October 7, 2005 2004? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
wmyer Posted October 7, 2005 Posted October 7, 2005 The mandatory IRA rollover was effective for distributions on or after 3/28/2005. Are you trying to avoid rolling over <5000 distributions to an IRA? If so, why not simply reduce the cash-out amount to 1000? W Myer
JAY21 Posted October 7, 2005 Author Posted October 7, 2005 I was just trying to avoid the cost of the amendment to clients that signed termination resolutions effective in late 2004 or early 2005 but that are still going through the plan termination process. Just wondering if they needed the amendment with say a term date of 1/31/05.
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