Featured Jobs
|
Sentinel Group
|
|
BPAS
|
|
MAP Retirement
|
|
Retirement Relationship Manager MAP Retirement
|
|
Pattison Pension
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
DWC - The 401(k) Experts
|
|
Regional Vice President, Sales MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Both Employers and Participants Benefit from New IRS Guidance on Correcting Inadvertent Benefit Overpayments
Dickinson Wright 
[Guidance Overview] Dec. 23, 2024 "[New] Code Section 414(aa) relieves a plan from potential disqualification if the plan fiduciary fails to obtain repayment from any participant or other party on account of any inadvertent benefit overpayment by a plan. ... Code Section 402(c)(12) provides that any inadvertent overpayment under Code Section 414(aa) will be treated as an eligible rollover distribution. If the plan requests repayment of the inadvertent overpayment, then any amount returned to the plan will be treated as an eligible rollover distribution." MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |