On May 30,2023, the American Retirement Association wrote to the Internal Revenue Service to comment on the Notice of Proposed Rulemaking (NPRM) regarding the use of forfeitures in qualified retirement plans.
About the American Retirement Association
The American Retirement Association (ARA) is the coordinating entity for its five underlying affiliate organizations representing the full spectrum of America’s private retirement system: the American Society of Pension Professionals and Actuaries; the American Society of Enrolled Actuaries; the National Association of Plan Advisors; the National Tax-Deferred Savings Association; and the Plan Sponsor Council of America.
The ARA’s diverse membership made up of over 25,000 individuals who provide consulting and administrative services to American workers, savers, and the sponsors of retirement plans – including organizations of all sizes and industries across the nation who sponsor and/or support retirement saving plans – are united in their common dedication to the success of America’s private retirement system.
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