Employee Benefits Blog

Did Hardship Distributions Just Get Easier?

In a previous blog, we addressed an issue of Employee Plans News in which the IRS took the position that 401(k) plan administrators must maintain hardship distribution records and should not rely on electronic participant self-certification for hardship distributions. On February 23, 2017, the IRS issued a memorandum to its Employee Plans Examiners that sets […]

March 6, 2017 | 2 min read | Tagged: e-certify, electronic, Employee Plan News, Employee Plans Examiners, hardship, hardship distributions, IRS, self-certification

Anne M. Meyer Partner

Sara Van Houten Counsel

IRS Makes Late Rollovers Easier

Generally, distributions from a qualified retirement plan that are eligible for rollover must be rolled over within 60 days of the date on which the distribution occurs. If a taxpayer did not complete the rollover within 60 days, the taxpayer previously had to request a private letter ruling from the IRS to receive additional time […]

September 13, 2016 | 3 min read | Tagged: 60 days, distributions, IRS, private letter ruling, qualified retirement plan, rollover, self-certification

Anne M. Meyer Partner