How Can I Miss You When You Won’t Go Away? – New Rules Complicate Mandatory Cash-Outs From Retirement Plans
Under final regulations published on September 28, 2004, sponsors of qualified retirement plans who want to “cash-out” small accounts will have to jump through some additional hoops for distributions made on or after March 28, 2005. Sponsors should begin planning now to make sure that they have time to implement their decisions before the effective date. View full article (PDF).