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IRS Again Extends Temporary Relief from Physical Presence Requirement for Retirement Plan Consents
AscensusLink to more items from this source
[Guidance Overview]
June 25, 2021

"The additional extension provides relief through June 30, 2022.... The IRS continues to request comments until September 30, 2021, particularly on cost burdens associated with the physical presence requirement, whether there is evidence that the temporary removal has resulted in fraud, how participant elections are being witnessed, and what procedures and guidance should be implemented to provide safeguards in lieu of existing requirements."

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