ESOP Insourcing is the only ESOP service provider that includes an annual repurchase obligation analysis in the administration process.

  

 

Miscellaneous Pension Protection Act Changes
January 11, 2007

Notice 2007-7 - Miscellaneous Pension Protection Act Changes was released yesterday and provides guidance on some of the PPA provisions in a Q&A format.  Here are the provisions covered:

  • Interest rate assumptions for lump sum distributions
  • Hardship distributions
  • Early distributions to public safety employees
  • Rollovers for nonspouse beneficiaries
  • Distributions to pay for accident or health insurance for public safety officers
  • Relating to vesting of nonelective contributions
  • The notice and consent period for distributions
  • Distributions from IRAs to charitable organizations

Plansponsor.com has a brief summary of some of the provisions.

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Please call us with questions at 1-800-837-3112 or email us at esop@esopinsourcing.com

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