Leon is a partner in Michael Best & Friedrich LLP's Employee Benefits Group. Plan sponsors, plan administrators, plan fiduciaries and third-party record keepers seek his counsel on designing, establishing and maintaining qualified retirement plans, including ESOPs, 401(k), 403(b), 457(b) and defined benefit plans. He is also well-versed in negotiating recordkeeping agreements, ERISA 3(21) and 3(38) investment advisor/manager agreements, and the benefit aspects of large corporate transactions.
The “I-lost-it” excuse may actually work. This revenue procedure provides taxpayers with a new mechanism to facilitate a rollover, even if a technical failure to comply with the 60-day rule has occurred.