February 04, 2025
Wildfire Relief: Retirement Plan-Disaster Distributions Permitted Without 10% Penalty
Among the many SECURE 2.0 Act changes, Section 331 allows retirement plans (401(k), 403(b), and 457(b) plans) to make in-service qualified disaster recovery distributions to participants stricken by a qualified disaster. Distributions up to $22,000 to a qualified...