When considering how to allocate departing retirement plan participants’ forfeitures, sponsors should consider recently filed lawsuits that allege Employee Retirement Income Security Act violations for using such funds to offset employer contributions, as well as proposed IRS guidance concerning how and when they must be used, says Eric Gregory at Dickinson Wright.
An Informed Guide To Mastering Retirement Plan Forfeitures
by usoftax_admin | Nov 28, 2023 | Tax News