401(k) testing made simpler

Article Abstract:

The Internal Revenue Service has launched a reform on the non-discrimination test guidelines for 401(k) plans to alleviate the complexities of their application. Some notable changes in the new set of rules include the revision of the cut-off point that determines a highly compensated employee from $66,000 to $80,000 and the use of contribution level of the preceding years to run tests on the targeted percentage. Other modifications call for the refunding of 401(k) contributions should a company fail the non-discrimination test and the permission to bypass the test by contributing a determined amount for non-highly-compensated employees.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pension & Benefit Regulation, Laws, regulations and rules, Pensions, Powers and duties, Employee benefits, Salary reduction savings plans, 401K plans, United States. Internal Revenue Service

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Collapsibility's private hell

Article Abstract:

Private corporations which have plans to issue securities or which have plans to sell must understand the effects of the Taxpayer Relief Act of 1997 before making any decisions. The new law, which may result in higher taxes for corporate sellers, affects 'collapsible companies', defined as firms which failed to realize a significant amount of taxable income before going public. Companies defined as such must pay taxes on their income at 40% income rate rather than the normal 20% capital gains rate.

Public Finance Activities, Corporate Capital Gains Taxes, Management, Corporate taxes, Going public (Securities), Initial public offerings, Capital gains tax, Investor relations, Collapsible corporations

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Bad news bulls

Article Abstract:

The Zurich American Insurance Group of Schaumberg, IL is offering a new policy which provides companies with payments for public relations services in the event of crises. The service, which is called a 'disclosure management' product, is offered to D and O policyholders and allows them to engage the services of a public relations firm. The insurance firm, which can cover up to $75,000 of the expenses incurred, would also benefit from decreased claims of firms due to better crisis management.

Public Relations Agencies, Insurance agents, brokers, & service, Public Relations, Public relations services, Insurance Agents & Services, Agencies, Brokerages, and Other Insurance Related Activities, Services, Insurance industry, Crisis management, Insurance, Public relations firms, Zurich American Insurance Co.

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