Edward A. Wodarczyk, Esq., ewodarczyk@tuckerlaw.com, (412) 594-3920
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:
July 14, 2020
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