About this document
Final Rule on SIMPLE IRA Contributions is a document available to read on EtoBox.
This document amends a Department of Labor regulation defining when participant contributions to a pension plan become plan assets under Title I of ERISA. The amendment harmonizes the Title I rules with IRS Code rules for Savings Incentive Match Plans for Employees (SIMPLE) plans involving Individual Retirement Accounts (IRAs). Under the amendment, salary reduction contributions to a SIMPLE plan IRA become plan assets no later than the 30th day of the month following when the contributions would have been p
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