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IRS Guidance Relaxes Allocation Rules Making After-Tax Rollovers Easier
Ice Miller LLP Link to more items from this source
[Guidance Overview]
Oct. 7, 2014

"The new guidance applies only to eligible rollover distributions and does not change the requirement for allocation of the investment in the contract between a lump sum and an annuity when a participant is receiving both.... While the new rules provide that multiple disbursements to different destinations are treated as a single distribution, each disbursement may still be required to be reported on a separate Form 1099-R.... Plan sponsors should consider reviewing and updating their 402(f) safe harbor notices[.]"

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