IRS rules on 401(k) definition of disposition of substantially all assets used in a trade or business
Article Abstract:
The IRS found in PLR 9618025 that 401(k) plan assets could be distributed to participating employees of a subsidiary business that was sold by its parent corporation to another corporation. The distributions were allowed because the parent disposed of substantially all its assets in that business. The employees participated in the parent corporation's 401(k) plan and were allowed to receive distributions following the acquisition despite the fact that they were still employed at the same position for the same pay.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1996
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Department of Labor issues proposed revisions to multiple regulations regarding annual reporting and disclosure requirements under Form 5500
Article Abstract:
The US Labor Dept (DOL) has issued proposed changes to regulations regarding employee benefit plan reporting and disclosure required to be filed in Form 5500. Public comment was considered by the DOL, IRS, and Pension Benefit Guaranty Corp before the complexity-reducing proposals were released. The reporting requirements differ for large and small plan filers.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1999
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