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Ed Slott: Your Clients Have a Big 401(k) Rollover Problem
News May 28, 2024 at 10:02 AM
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What You Need To Know
- The tax code requires plans to give participants a 402(f) Notice when they separate from service.
- However, while the notice is supposed to explain distribution options, it has been widely criticized for not being clear enough, Slott said.
- Secure 2.0 required that the GAO look at the effectiveness of the 402(f) Notice.
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