July Business Services
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Pollard & Associates
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Great Lakes Pension Associates, Inc.
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Defined Contribution Account Manager Nova 401(k) Associates
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Fringe Benefit Group
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New York City District Council of Carpenters Benefit Funds
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Regional Sales Director (West) July Business Services
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Retirement Planners and Administrators (RPA)
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Greenline Wealth Management
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July Business Services
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Retirement Solutions Specialists
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Correction of Plan Loan Problems: IRS Helps Those Who Help Themselves
DWC Apr. 22, 2019
"While [Rev. Proc. 2019-19] provides welcome relief for the most common loan failures, there are several loan-related errors that still require formal IRS approval. [1] Loans that exceed statutory maximum amount -- generally 50% of a participant's vested balance; [2] Loans that exceed the statutory limit as to duration -- five years unless for the purchase of a primary residence; [3] Requests to have a deemed distributed loan taxed in the year of correction rather than the year of the failure; and [4] Corrections that also qualify for DOL approval.... Even though the IRS now accepts self-correction of certain loan failures, the DOL still does not."
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