Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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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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Compass
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AimPoint Pension
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Coronavirus-Related Distributions: Requirements and Practical Considerations
Ice Miller LLP [Guidance Overview] May 11, 2020 "Some vendors implemented an 'opt-out' approach for the plans they administer, while others implemented a more conservative 'opt-in' approach. Accordingly, it is possible that CRDs were permitted in operation from a retirement plan before a plan sponsor had time to consider whether to adopt this optional provision.... [In] many cases there will be very little effective oversight as to whether the employee truly meets the criteria of a qualified individual, making this an in-service distribution option that could be exercised by potentially any employee." |
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