IRS Broadens Eligibility for COVID-19 In-Service Distributions and Participant Loans Under DC Plans
By EsqSocial Corporation 14/07/20
On June 19, the IRS issued Notice 2020-50. It expounds on the rules for in-service withdrawals and participant loans for defined contribution (DC) plans for participants adversely affected by the COVID-19 pandemic. The Notice also broadens the category of eligible participants to include those who experience adverse financial consequences as a result of......<BR />By: <a href="https://www.jdsupra.com/profile/Tucker_Arensberg/">Tucker Arensberg, P.C.</a>