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IRS Clarifies Timing for Reallocation of Forfeitures
Willis Towers Watson Link to more items from this source
[Guidance Overview]
May 1, 2023

"Under the proposed rules, DC plans may use forfeitures to: [1] Pay plan administrative expenses. [2] Reduce employer contributions under the plan (including restoration of benefit overpayments and restoration of conditionally forfeited accounts that might otherwise require additional employer contributions). [2] Increase benefits in other participants' accounts in accordance with plan terms."

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