24 February 2023

IRS issues proposed regulations on use of forfeitures in qualified retirement plans

The IRS has issued proposed regulations (REG-122286-18) addressing the use of forfeitures in qualified retirement plans, including a deadline for the use of forfeitures in a defined contribution plan. The regulations would affect participants in and beneficiaries, administrators and sponsors of qualified retirement plans. The IRS invites comments to be submitted by May 28, 2023.

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2023-0360