Pollard & Associates
|
Defined Contribution Account Manager Nova 401(k) Associates
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
Great Lakes Pension Associates, Inc.
|
TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
Fringe Benefit Group
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
Retirement Planners and Administrators (RPA)
|
Retirement Solutions Specialists
|
Greenline Wealth Management
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
New York City District Council of Carpenters Benefit Funds
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Text of IRS Rev. Rul. 2014-9: Reasonable Belief by Administrator When Accepting Rollover into Qualified Retirement Plan (PDF)
Internal Revenue Service [IRS] [Official Guidance] Apr. 3, 2014
"[I]f a plan accepts an invalid rollover contribution, the contribution will be treated ... as if it were a valid rollover contribution if [two conditions are met, the first of which is that,] when accepting the amount from the employee as a rollover contribution, the plan administrator for the receiving plan must reasonably conclude that the contribution is a valid rollover contribution.... [In Situation 1 of this revenue ruling,] it is reasonable for the plan administrator for [the receiving] Plan M to conclude that [the distributing] Plan O is intended to be a qualified plan [because the administrator of Plan M had accessed the EFAST2 database maintained by the DOL at www.efast.dol.gov and determined that line 8a of the most recently filed Form 5500 for Plan O did not contain code 3C, which would have indicated that the plan was not intended to be qualified under Code section 401, 403, or 408]."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |