SPD Language, Waiver of 2020 Required Minimum Distributions Under the CARES Act | Practical Law

SPD Language, Waiver of 2020 Required Minimum Distributions Under the CARES Act | Practical Law

A Standard Clause for the summary plan description (SPD) of a defined contribution plan under the Employee Retirement Income Security Act of 1974 (ERISA) providing for a waiver of 2020 required minimum distributions (RMDs), described in Internal Revenue Code (Code) Section 401(a)(9) under the CARES Act. Under the CARES Act, no RMDs were required to be paid for the 2020 plan year.

SPD Language, Waiver of 2020 Required Minimum Distributions Under the CARES Act

Practical Law Standard Clauses w-030-6877 (Approx. 6 pages)

SPD Language, Waiver of 2020 Required Minimum Distributions Under the CARES Act

by Practical Law Employee Benefits & Executive Compensation
Law stated as of 31 May 2023 • USA (National/Federal)
A Standard Clause for the summary plan description (SPD) of a defined contribution plan under the Employee Retirement Income Security Act of 1974 (ERISA) providing for a waiver of 2020 required minimum distributions (RMDs), described in Internal Revenue Code (Code) Section 401(a)(9) under the CARES Act. Under the CARES Act, no RMDs were required to be paid for the 2020 plan year.