United Wealth Management’s retirement plan services span many types of plans, including Defined Benefit, 401(k), 403(b), 457 and Profit-Sharing. Our team of ERISA and Taft-Hartley specialists can help you manage the day-to-day complexity of these plans, providing plan and investment menu ...
Of course, it gets complicated. Individual retirement accounts (IRAs) are not qualified plans because they are not set up by an employer and therefore don't fall under ERISA rules. They do, however, have special tax breaks for savers.2 Key Takeaways A qualified retirement plan meets the gui...
Recipe for a Non-ERISA Arrangement.IRS proposed regulations require a written document for voluntary 403(b) annuity contracts and custodial accounts. In this column, the idea of creating a document that will not subject a plan to Title I of ERISA is explored....
or ERISA. Qualified plans provide important tax benefits, such as tax-deferred growth and possibly the postponement of taxes on employee contributions. Examples of qualified plans include 401(k)s and 403(b)s. You can roll over one qualified plan to another or to an IRA or ...
Qualified retirement plans must satisfy ERISA requirements for participation testing, vesting, and funding, and a fiduciary representing the participants' interests must oversee the funding instrument. However, thetop-hat exemptionwill allow an employer to avoid those ERISA requirements if the plan is no...
Annuity Form described below, unless another form of annuity is determined to be the Normal Form of Annuity pursuant to the terms of the Plan, if applicable, and/or the requirements of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, or any other law that applies. ...
stringent, as they require a number of guidelines to qualify as an ERISA plan — including vesting, benefit accrual and funding restrictions. A few of the most well-known retirement plans, including 401(k), profit-sharing plans, 403(b), and Keogh (HR-10) plans are examples of qualified ...
Learn about the new DOL Retirement Security Rule, effective September 2024, which expands ERISA fiduciary coverage to protect investors.
When hiring a financial adviser, it's essential to understand the difference between fiduciary and non-fiduciary advisers.