The amendments and model notices are issued following the IRS’ new guidance for allocating pre-tax and after-tax amounts among distributions that are made to multiple destinations from a qualified plan. The amendments to the safe harbor explanations and attached model notices may be used for plans that apply the guidance in section III of Notice 2014-54 with respect to the allocation of pre-tax and after-tax amounts.
Amendments to the safe harbor explanations also address in-plan Roth rollovers and certain other clarifications to the two safe harbor explanations.
The amendments and model notices are found in IRS Notice 2014-74.
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