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New IRS Regs Address Cash Balance Plan Requirements
Towers Watson Link to more items from this source
[Guidance Overview]
Sept. 19, 2014

"[T]he final regulations modestly expand what is considered to be a permissible interest crediting rate, but retain the closed-group approach under which rates other than those specifically described will be viewed as exceeding a market rate.... The proposed regulations address the transition from a noncompliant interest crediting rate to one that is permitted under the final regulations.... Although the rules provide anti-cutback relief, this relief is not as broad as some plan sponsors had hoped."

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