Featured Jobs
|
The Pension Source
|
|
BPAS
|
|
EPIC RPS
|
|
DWC ERISA Consultants LLC
|
|
Merkley Retirement Consultants
|
|
July Business Services
|
|
Compensation Strategies Group, Ltd.
|
|
BPAS
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
Nova 401(k) Associates
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
IRS Provides Employees Opportunity to Cancel Non-Qualified Deferral Elections Through Self-Certification
Seyfarth 
[Guidance Overview] Aug. 11, 2020 "Code Section 409A permits the cancellation of non-qualified plan deferral elections following a 401(k) plan hardship distribution.... CARES Act distributions may be based solely on self-certification by the participant. Effectively then, a participant could elect a $1 CARES Act distribution by self-certifying that COVID-19 adversely impacted the participant and in doing so, cancel potentially significant remaining non-qualified plan deferrals." |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |