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Protecting, MaintainingandImprovingtheHealthofAllMinnesotans Electronically delivered January5,2021 Administrator AndrewResidence 1215South9thStreet Minneapolis,MN55404 RE: CCN:24E116 CycleStartDate:November16,2020DearAdministrator:
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What is 417aeffectivedecember24?
417a is a section of the Internal Revenue Code that deals with nondiscrimination rules for certain retirement plans. Effective December 24 is the date when these rules came into effect.
Who is required to file 417aeffectivedecember24?
Employers who offer retirement plans covered under section 417a of the Internal Revenue Code are required to file.
How to fill out 417aeffectivedecember24?
Employers must provide detailed information about the retirement plan, including participant data, contribution amounts, and any relevant compliance testing results.
What is the purpose of 417aeffectivedecember24?
The purpose of section 417a is to ensure that retirement plan benefits are distributed fairly and do not discriminate in favor of highly compensated employees.
What information must be reported on 417aeffectivedecember24?
Employers must report participant data, contribution amounts, compliance testing results, and any other information required by the Internal Revenue Service.
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