Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Proposed IRS Regs Make Handling Forfeitures Less Burdensome
Graydon [Guidance Overview] Mar. 3, 2023 "To comply with these proposed regulations, plan sponsors will eventually need to amend their plan documents to account for the 12-month deadline for use of forfeiture amounts.... [A] plan which only permits forfeitures to be used for administrative expenses may run into compliance trouble if the forfeitures exceed plan expenses and there is a surplus at the end of the 12-month usage deadline." |
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