Regional Vice President of Sales The Retirement Plan Company
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Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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New Withholding Rules and Forms for Retirement Plan Distributions
Withum Smith+Brown, PC [Guidance Overview] Nov. 4, 2022 "[T]he redesigned Form W-4P will be used for periodic pension or annuity payments; the new Form W-4R will be used for withholding on nonperiodic payments and eligible rollover distributions.... Plan sponsors ... are required to start using the new forms no later than January 1, 2023 (or 30 days after the 2023 forms are released by the IRS, whichever is later). However, plan sponsors are also required to calculate withholding on annuity payments based on the new tables, whether based on an existing withholding form or a new form." |
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