The DOL has issued amendments to the Safe Harbor for distributions from terminated individual account plans and termination of abandoned individual account plans to require Inherited Individual Retirement Plans for missing nonspouse beneficiaries.
Document Excerpt
This document contains a final rule amending regulations under the Employee Retirement Income Security Act of 1974 that provide guidance and a fiduciary safe harbor for the distribution of benefits on behalf of participants or beneficiaries in terminated and abandoned individual account plans.
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