Benefits Think Retirement plan rollover rules relaxed

Published Updated 5 Min Read

  1. Qualifying for an automatic waiver; or
  2. Requesting and receiving a private letter ruling (PLR) granting a waiver.
  • The distribution check was misplaced and never cashed.
  • The distribution was deposited into and remained in an account that the taxpayer mistakenly thought was an eligible retirement plan.
  • A death in the taxpayer’s family.
  • A serious illness of the taxpayer or a member of the taxpayer’s family
  • Incarceration of the taxpayer
  • A postal error
Jorge M. Leon
Partner

Leon is a partner in Michael Best & Friedrich LLP's Employee Benefits Group. Plan sponsors, plan administrators, plan fiduciaries and third-party record keepers seek his counsel on designing, … Read full bio

Carrie Byrnes
Partner

Byrnes is a partner in Michael Best & Friedrich LLP's Employee Benefits Group practicing exclusively in employee benefits and executive compensation law. She primarily represents employers—large … Read full bio


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