A financial practitioner's guide to the new qualified plan designs
Article Abstract:
Qualified benefit plans became more attractive to employers with the issuance of the IRC sections 401(b) and 401(a)(4) regulations in 1993, giving employers more flexibility in allocating compensation. The regulations establish specific, mathematical rules for the relationship between highly and nonhighly compensated employee benefits, removing much of the concern for employers. Therefore, these plans can now serve the employers' need to compensate high-level employees while benefitting all employees through providing a pension plan.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1996
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The 401(k) look-alike plan
Article Abstract:
401(k) Look-Alike Plans can replace or supplement qualified 401(k) plans for highly paid key executives who are subject to the contribution limitations of qualified plans. Look-Alike Plans are income or bonus deferral plans with contractually agreed upon specifics. Many factors are considered in designing these plans including funding; security; accounting methods; SEC and ERISA regulation; and income, estate, and employment taxes.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1997
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