Loan & Distribution Specialist AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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AimPoint Pension
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Congress Shows It CARES by Waiving 2020 Required Minimum Distributions
Sidley Austin LLP [Guidance Overview] Apr. 14, 2020 "[T]he waiver by a plan of the payment of RMDs is not a mandatory change for plans, and therefore each plan sponsor must decide whether to implement this change to its plan. Whether or not a plan implements this change, it should be noted that any amounts distributed in 2020 that would have been RMDs, absent the waiver, can be rolled over to another employer plan that accepts rollovers or to an IRA." |
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