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Regional Vice President of Sales The Retirement Plan Company
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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IRS Guidance Clarifies Birth and Adoption Distribution Rules Under the SECURE Act
Slevin & Hart, P.C. [Guidance Overview] Oct. 23, 2020 "An 'eligible adoptee' must be under the age of 18 or physically or mentally incapable of self-support and does not include the child of the taxpayer's spouse, even if adopted by the participant.... A plan is permitted, but is not required, to offer QBADs.... Each participant parent may separately receive a QBAD of up to $5,000 for the same child or eligible adoptee, including from the same plan." |
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