Supreme Court's ruling that owners of a company who participate in the company's retirement plan are entitled to ERISA (Employee Retirement Income Security Act) protection along with other employees covered by the plan. Highlights of the case "Raymond B. Yates, M.D.P.C. Profit-Sharing Plan...
ERISA bond (also called a fidelity bond): Small business 401(k) plan providers don’t offer this, but you’ll be required to have it when you sponsor an employee retirement plan. You should be able to get it from top liability insurance providers or your retirement services provider can ...
It’s easy to feel overwhelmed. We do the legwork so you don’t have to. Once you consider issues of compliance and ERISA laws and the basic fiduciary duties of maintaining a retirement plan, you can see the benefits of partnering with an advisor and a third-party administrator to ...
Credit for Prior Service = No Qualified Plan Advantages* Employers Employer contributions tax-deductible Payroll tax savings on employer contributions Does NOT apply to employee deferrals Distributions not hit by payroll tax Employees Can use pre-tax contributions Income tax deferral ERISA = credito...
There may be distribution limitations on your current employer-sponsored retirement plan, as well as potential tax implications and a potential early withdrawal penalty on distributions if you cash out your retirement plan balance prior to age 59 1/2. ...
Defined contribution plan administrators need to meet one or more annual participant notification requirements, usually provided just prior to the new plan...
Qualified retirement plans are also subject to the rules of the Employee Retirement Income Security Act of 1974 (ERISA), which is administered by the U.S. Department of Labor. One of its chief requirements is that plan sponsors (employers) and administrators act asfiduciaries, meaning that they...
Overview of the Employee Retirement Income Security Act (ERISA) : protecting employee benefit plan Terrence D. Anderson editor (Retirement issues, plans and lifestyles series) Nova Science Publishers, c2010 : softcover T.D. Anderson - Nova Science Publishers 被引量: 0发表: 2010年 The Employee Re...
The Employee Retirement Income Security Act (ERISA) is a federal law that protects the retirement assets of American workers. The law outlines rules thatqualified plansmust follow to ensure that planfiduciariesdo not misuse plan assets. It also covers certain health plans.1 Under the law, plan a...
participation requirements with which pensions may be offered to workers, ERISA guarantees workers who meet spec-ified minimum age and seniority requirements, and whose employers have pension plans, that they will definitely be able to receive a pension if they survive until the plan's early ...