District Court Rules Plan Subject to ERISA Due to Façade of Employee-Employer Relationship.Reports the district court ruling regarding health insurance plans under the Employee Retirement Income Security Act (ERISA) in the U.S. Details on employee-employer relations in ERISA; Information on the ...
Even for plans not subject to ERISA, many plan sponsors consider the guidelines set forth under ERISA as best practice and choose to implement them. Generally, ERISA section 404(c) provides DC plan fiduciaries protection from the liability for participant investment choic...
Xxxxxx Plan means each “employee benefit plan” (within the meaning of section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), whether or not subject to ERISA), stock purchase, stock option, phantom stock or other equity-based, severance, employment, ...
Are Section 127 plans subject to Erisa? Like a §127 program, educational assistance benefits provided under §132 are not employee welfare benefits for the purposes of ERISA. Neither §127 nor §132 provides an exclusion from gross income for educational assistance benefits paid to anyone other...
Is the Plan subject to ERISA? The first step in determining how these regulations affect a 403(b) plan is determining whether the plan is subject to ERISA. Non-ERISA plans generally must meet the following requirements for this status and receive certain exemptions: The plan must be 403(b)...
To conform to the new Statement on Auditing Standards 136, “Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA,” the instructions for questions on line 3a regarding the accountant’s opinion have been revised. Line 3b and its instructions have als...
General The Plan covers substantially all employees of the Company and is subject to the provisions of ERISA. Employees are eligible to make elective salary deferrals and receive Company matching contributions upon hire. The Plan contains eligibility provisions to ensure that all eligible employees ...
None of the Purchased Assets are, or are reasonably expected to become, the subject of any Encumbrance arising under ERISA or Section 412(n) of the Code. Sample 1Sample 2 SaveCopy Employee Benefit Plan Matters. (a) Section 4.11(a) of the ProCentury Disclosure Schedule sets forth a true ...
Shorter vesting schedulesNot always subject to ERISA Extra catch-up contributions Benefits of a 403(b) plan The advantages of contributing to a 403(b) account include: Tax advantages:Overall, 403(b) accounts carry the same tax advantages as 401(k)s and IRAs. Depending on whether you choose...
Also, professional plan administrators know the laws and regulations that govern retirement savings and pension programs. For example, in the United States retirement plans must follow the Employee Retirement Income Security Act, known as ERISA.2 ...