Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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CARES Act Gets Needed Expansion and Clarification
Davis Wright Tremaine LLP [Guidance Overview] June 25, 2020 "In Notice 2020-50, the IRS decided that the loan could be reamortized over its remaining term plus a period of up to one year. In other words, even if the participant only skipped four installments, the remaining term of the loan could be extended by up to 12 installments. This method is described as a safe harbor, so presumably a plan could reamortize the loan over a shorter period -- even over the original remaining term. |
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