DOL provides guidance on in-kind contributions
Article Abstract:
The US Dept of Labor has expanded the US Supreme Court's ruling in Commissioner v. Keystone Consolidated Industries and has clarified when in-kind contributions to benefit plans will be considered prohibited transactions. The Court in Keystone found such a transfer to be a prohibited transaction, but the ruling only addressed defined benefit plans. The Dept of Labor's position expands this ruling to apply to contributions to defined benefit plans that are greater than the amount needed to reduce funding obligations and to apply to welfare and defined contribution plans.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1995
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SEC proposes new alternative replacement for Rule 16b-3
Article Abstract:
The Securities and Exchange Commission has proposed an amendment to Rule 16b-3 that would simplify the benefit plan exemptions to the insider trading disgorgement of profits provisions of section 16(b) of the Securities Exchange Act of 1934. The proposed rule identifies three categories of transactions that would be exempt. Transactions entered into by tax-qualified plans, transactions that constitute a grant or award and certain dispositions of issuer equity securities qualify for the exemption.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1995
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IRS proposes modifications to sections 410(b), 401(l), and 414(s) regulations
Article Abstract:
The IRS has proposed changes to the IRC 401(l) permitted disparity rules, the Section 414(s) definition of 'compensation' and the Section 410(b) minimum coverage requirements. The changes to the IRC 410(b) regulations are extensive, including a revised 'average benefit percentage test,' coordinating figuring out the percentage with figuring out the accrual rates according to the Jan 1993 401(a)(4) changes.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1993
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- Abstracts: Rulemakers should be litigators. Bench-bar alternative for Rule 11. Striking back at the dreaded SLAPP
- Abstracts: DOL considers whether existence of TPA combined claims account limits application of reporting exemption for small employer plans
- Abstracts: The Civil Rights Act of 1991 and less discriminatory alternatives in disparate impact litigation. The Civil Rights Act of 1991: the business necessity standard
- Abstracts: Positive rights and state constitutions: the limits of federal rationality review. Interpretation and authority in state constitutionalism
- Abstracts: IRS approves changes in asset valuation method and software for defined benefit plans. PBGC proposes changes in plan benefit valuation rules for single-employer and multiemployer plans after mass withdrawal