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IRS Issues Final Rules on Rollovers of Qualified Plan Loan Offsets
Sidley Austin LLP Link to more items from this source
[Guidance Overview]
Dec. 15, 2020

"A QPLO that is an eligible rollover distribution is not required to be rolled over within the 60-day period ... Under the final rules, a plan loan offset amount is defined as the amount by which the participant's accrued benefit is reduced in order to repay the loan under the plan terms governing such loan. A QPLO amount, on the other hand, is defined as a plan loan offset amount that satisfies two extra conditions[.]"  MORE >>

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