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What is Increase in Retirement Cash-Out Limit about?

The proposed regulations aim to increase the cash-out limit for distributions from qualified retirement plans that can be made without participant consent from $3,500 to $5,000 in accordance with recent legislation. They also propose eliminating the "lookback rule" which deemed benefits to exceed the limit if they had exceeded the limit at an earlier distribution. This would allow plans to distribute benefits up to $5,000 without consent even if the benefits had previously exceeded the limit. Public comment

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