[Official Guidance]

12/1/2006: Text of IRS Notice 2006-107: 2007 Rules for Diversification of Publicly Traded Stock in DC Plans (PDF) (Internal Revenue Service [IRS])

14 pages. Excerpt: This notice provides transitional guidance on § 401(a)(35) of the Internal Revenue Code, added by section 901 of the Pension Protection Act of 2006 ... , which provides diversification rights with respect to publicly traded employer securities held by a defined contribution plan.... The diversification requirements of § 401(a)(35) are generally effective with respect to plan years beginning after December 31, 2006[.]