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The handling of forfeitures, which typically are unvested matching or profit-sharing contributions that plan participants leave behind when their employment ends, is a source of confusion and noncompliance for many employers that sponsor tax-deferred defined contribution retirement plans, practitioners familiar with the problem of unallocated forfeitures tell BNA. IRS has long-standing rules for handling forfeitures that require forfeitures to be allocated in the year they occur and not be carried forward into the following year.
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