Pension & Benefits News IRS seeks comments on new technologies in retirement plans
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Wednesday, October 21, 2020

IRS seeks comments on new technologies in retirement plans

By Pension and Benefits Editorial Staff

The IRS is seeking comments on an extension of a currently approved collection of information concerning regulations related to new technologies in retirement plans and IRS Notice 2020-42. Notice 2020-42 provides temporary relief from the physical presence requirement in IRS Reg. §1.401(a)-21(d)(6) for participant elections required to be witnessed by a plan representative or a notary public. There are no changes to the existing regulations.

Written comments, which should be received on or before November 9, 2020, should be directed to: Kinna Brewington, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224.

Source: 85 FR 55579.

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