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Parts of Proposed Nondiscrimination Regulations to be Withdrawn

After further consideration, the IRS has announced that the portion of its Proposed nondiscrimination amendments will be withdrawn. The withdrawal will impact proposed changes that would have affected certain individual new comparability designs.

Document Excerpt

The Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) announce that they will withdraw certain Provisions of Proposed Regulations published on January 29, 2016 (81 FR 4976) (“Proposed Regulations”) relating to nondiscrimination requirements applicable to qualified retirement plans under § 401(a)(4). The provisions of the Proposed Regulations that will be withdrawn are the provisions that would modify §§ 1.401(a)(4)-2(c) and 1.401(a)(4)-3(c).

Link
https://www.irs.gov/pub/irs-drop/a-16-16.pdf



This post first appeared on Benefits Forward, please read the originial post: here

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Parts of Proposed Nondiscrimination Regulations to be Withdrawn

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