E.g., 10/20/2020
E.g., 10/20/2020
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In Notice 2020-51, released on June 23, 2020, the IRS provided additional guidance regarding the waiver of the required minimum distribution (RMD) for the 2020 tax year under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The Notice also includes transition relief for plan administrators and payors related to the change in the required beginning date for RMDs under the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act of 2019.
The Internal Revenue Code and the Employee Retirement Income Security Act (ERISA) contain many important requirements for defined contribution plans that occur either during the calendar year or during the plan year.

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