What: Effective 9/1/2020, employers no longer need to approve participant requests for 457 unforeseen emergency distribution requests. MERS will complete the review and approval process directly. This change was made to streamline the process and ensure compliance with policies and procedures. Going forward, participants will complete the request, provide appropriate documentation and submit to MERS for review. Communication of an approval or denial will continue to be managed by Alerus - MERS' record keeper.
Action Required: None
Key Dates: Effective 9/1/2020
Impacted Audiences: Employers who have adopted the MERS 457 Program
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