Appeals court adopts IRS 20 percent rule for determining partial plan terminations
Article Abstract:
The U.S. Court of Appeals for the Seventh Circuit upheld the Internal Revenue Service (IRS) application of the informal 20 percent rule for determining whether a decrease in the number of plan participants leads to full vesting due to partial plan termination. The Appeals Court however held that the 20 percent rule was not a hard and fast rule and instead all the facts and circumstances of each case be considered when approximately 20 percent of the employees lost coverage under the plan.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 2005
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A crisis of confidence
Article Abstract:
The author presents methods of overcoming a lack of investor confidence in a company as a result of scandals involving accounting procedures and corporate corruption.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 2001
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Directors and officers are plan fiduciaries
Article Abstract:
The rules and laws under Employee Retirement Income Security Act, where the individual directors and officers of a plan may become fiduciaries are discussed.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 2005
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