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SECURE 2.0 Force Out Limit and Plan Audits
PenChecks 
[Guidance Overview] Aug. 9, 2023 "Effective for force out distributions to Automatic Rollover IRAs made after December 31, 2023, the new limit will be $7,000. This change will be helpful to all plan sponsors, but especially those at or just over the 100-person participant count for purposes of plan audit requirements.... A few things to note about the new $7,000 cap and what to do if your plan wants to take advantage of it." |
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