Regulacje i polityka gospodarcza · 21/12/1998

Increase in Cash-Out Limit Under Sections 411(a)(7), 411(a)(11), and 417(e)(1)

The IRS is proposing temporary regulations to increase the cash-out limit from $3,500 to $5,000 for qualified retirement plans without participant consent, as allowed under the Taxpayer Relief Act of 1997. The proposed regulations also aim to eliminate the 'lookback rule' for all distributions, affecting plan sponsors, administrators, and participants.