Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Compass
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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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IRS Releases New Escheatment Guidance
Ascensus [Guidance Overview] Dec. 4, 2020 "The DOL considers escheatment a less desirable option and believes that ERISA preempts state escheatment laws for active retirement plans.... The IRS's guidance addresses how to withhold and report on escheated assets, but it doesn't address whether or when escheatment should be used. Questions also remain on how to treat escheated assets once they're rolled over to an eligible plan." |
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