A recent revenue ruling from the Treasury Department and the IRS eases the administrative burden for 401(k) plan sponsors wanting to accept rollovers from other employers plans, but the fiduciary risk posed by inactive accounts still remains.
In an effort to make workplace retirement savings more portable and to help build assets in tax-qualified retirement plans, the Treasury Department and Internal Revenue Service have removed a cumbersome step plan sponsors must take when accepting rollovers from other employers plans.
