The IRS revised its explanation of safe harbor notice requirements for plan administrators when savers move funds out of an employer-sponsored plan.
One of the new safe harbor explanations in the guidance released Thursday applies to Roth accounts, and another applies to non-Roth accounts. They reflect changes in tax and benefits laws stemming from the landmark SECURE 2.0 Act, enacted in 2022.
402(f) distribution notices were designed to keep employees apprised of the tax consequences of rollovers, including where income tax withholding applies.
The new IRS Notice 2026-13 replaces 2020 instructions to plan administrators.
It addresses changes under SECURE 2.0 ...
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