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IRS Final Regs: Governmental Retirement Plan Sponsors Acting as Nonbank Trustees of Deemed IRAs (PDF)
Internal Revenue Service [IRS]
June 15, 2007
6 pages. Excerpt: These final regulations amend §1.408-2(e) of the regulations to provide that a governmental unit may serve as the trustee of any deemed IRA established by that governmental unit as part of its qualified employer plan if that governmental unit establishes to the satisfaction of the Commissioner that the manner in which it will administer the deemed IRA will be consistent with the requirements of section 408.
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