Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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A Welcome Expansion: IRS Resuscitates Determination Letter Program
Ogletree Deakins [Guidance Overview] July 1, 2019 "The IRS has noted that partially statutory hybrid plans (e.g., plans that contain multiple benefit formulas, only one of which is a hybrid formula) are eligible for a determination letter--the plan need only have one hybrid formula to be eligible.... [Rev. Proc. 2019-20] also opens up the determination letter program to 'merged plans.' Although this term may seem to encompass many situations in which two plans are combined, plan sponsors should pay close attention to the requirements of the Revenue Procedure, including all applicable time limits[.]" |
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