New York City District Council of Carpenters Benefit Funds
|
July Business Services
|
Greenline Wealth Management
|
Regional Sales Director (West) July Business Services
|
Pollard & Associates
|
Retirement Planners and Administrators (RPA)
|
July Business Services
|
Defined Contribution Account Manager Nova 401(k) Associates
|
TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
Fringe Benefit Group
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
Retirement Solutions Specialists
|
Great Lakes Pension Associates, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Text of IRS PLR Addressing DB Plan Amendment Permitting Lump Sum Payments to Retirees Already Receiving Benefits (PDF)
Internal Revenue Service [IRS] [Official Guidance] June 2, 2014
Issued March 7, 2014; published online May 30, 2014. Excerpt: "[In] this circumstance, the minimum distribution requirements of Section 401(a)(9) of the Code will not be violated if the Sponsor amends Plan A and Plan B to offer a lump sum payment option during a limited Window Period of no less than 60 days and no more than 90 days to Covered Individuals for whom annuity payments have already begun. Except as specifically ruled above, no opinion is expressed as to the federal tax consequences of the transaction above under any other provision of the Code, including Sections 401(a)(4), 411, 415, 417 and 436 or of Title I of ERISA. No opinion is expressed regarding the qualification of the Plan." [PLR 201422028]
|
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). |