Examines the interplay between the state and federal regulation of health benefit plans and the common structures of these plans. Discussion of how dishonest operators use the structures to create fraudulent plans; Analysis of the General Accounting Office's 2004 report on the prevalence of the ...
Deferred compensation is part of an employee's regular compensation that is set aside to be paid at a later date, usually atretirement. In many cases, taxes on this income are deferred (postponed) until it is paid out. There are many forms of deferred compensation, includingretirement plans,...
Association health plans will recapture greater flexibility to set month-to-month premiums on an individual basis. Subsequently, more youthful Americans, who tend to be healthier, will by and large pay less to use an association health plan rather than an Obamacare plan. Notwithstanding, Obamacare...
A pension plan is more complex and costly to establish and maintain than other retirement plans. Depending on the plan type, employees may have no control over the investment decisions concerning the funds. In addition, anexcise taxapplies if the minimum contribution requirement is not satisfied or...
There are other employer-sponsored retirement plans that do not qualify under the ERISA. These are callednon-qualified plans. They come in various forms. In general, they are based on deferred income in some way; they are also most often aimed at executives. Qualified plans cannot be based ...
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law related to qualified retirement plans. ERISA helps to protect the retirement funds of U.S. employees within private industry and also sets minimum plan standards. Winston & Strawn counsels clients on virtually all aspects...
However, upon the death of either annuitant, the survivor's income amount is reduced to the 50% level. The first option is also known as the "ERISA" form of joint annuity since it was mandated under the Employee Retirement Income Security Act of 1974. Employers of defined benefit plans ...
Despite the uptick in ERISA plans using ESG investment options, some are still wary of doing so. There are two ways of encouraging more ESG offerings in retirement plans, according to Lisa Woll, CEO of US SIF and the US SIF Foundation. “From the bottom up or the top down. You can ta...
their annual W-2 wages. In a leveraged ESOP, stock is usually parceled-out over multiple years. Similar to 401(k) plans, there’s generally a three-to-six-year vesting period for allocated stock. The details are determined before the plan is formed and outlined in the ESOP plan document...
Default risk: Workers' 401(k)s are subject to the Employee Retirement Income Security Act (ERISA), which offers creditor protection for people with those plans. 457(b) plans aren't subject to ERISA. Unlike 401(k)s, savings in non-governmental 457(b)s are at risk from creditors if the...