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IRS Issues Proposed Regs on Allocation of Forfeitures (PDF)
Groom Law Group in Taxes the Tax Magazine Link to more items from this source
[Guidance Overview]
May 16, 2023

"[Defined contribution plans that] have participant accounts that have not been forfeited, but should have been ... are encouraged to take advantage of the transition relief and forfeit amounts and allocate/use such forfeitures by the end of the 2025 plan year.... [T]here is no express anti-cutback relief for these regulations and therefore plan amendments prior to the effective date may be in order if changes are being contemplated."  MORE >>

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