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AimPoint Pension
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PBGC Issues Final Regs for Handling Accounts in Terminating Defined Contribution Plans
The Wagner Law Group [Guidance Overview] Jan. 3, 2018 "The IRS has confirmed that ... amounts transferred from terminating defined contribution plans to the PBGC under the Program will not be treated as taxable distributions subject to reporting and withholding. The DOL has indicated that it intends to review its existing regulations on Safe Harbor for Distributions from Individual Account Plans and Termination of Abandoned Individual Account Plans, both of which provide for distributions to individual retirement plans, to consider transfers to the PBGC under the Program as an appropriate action in such circumstances." |
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