Employee ownership in a profit-sharing/401(k) plan
Article Abstract:
The most common profit-sharing plan allowing for the investment of plan assets in company stock is the Section 401(k) plan, which allows participants to choose among various investment funds, including a company stock fund, for the investment of their accounts. The employee's main aim is to maximize retirement savings, and many companies have such plans as an ownership link to their employees. According to ERISA, plans must be diversified, and regulations of plans regarding the amount of securities devoted to ownership of company stock vary.
Publication Name: The Journal of Pension Planning & Compliance
Subject: Human resources and labor relations
ISSN: 0148-2181
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
When a bankruptcy trustee gets stuck terminating a debtor's retirement plan
Article Abstract:
US Bankruptcy Code Chapter 11 bankruptcy trustees of debtor-employers who were ERISA plan administrators have the duty to terminate the plans. Cases which support this view include Esco Manufacturing Co. and New Center Hospital. The courts in these cases did not determine whether the same treatment would apply to Chapter 7 bankruptcy trustees or whether bankruptcy trustees are 'fiduciaries' under ERISA.
Publication Name: The Journal of Pension Planning & Compliance
Subject: Human resources and labor relations
ISSN: 0148-2181
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Merging a money purchase pension plan into a profit sharing 401(k) plan
Article Abstract:
Merging a money purchase pension plan and a profit sharing plan means careful preparation. The plan administrator must give the notice required by Section 204(h) of ERISA when the merging of plans would cause the future benefit accrual to be significantly less and must also decide whether the merger would constitute a termination. The merged plan must meet certain criteria to stay tax-qualified.
Publication Name: The Journal of Pension Planning & Compliance
Subject: Human resources and labor relations
ISSN: 0148-2181
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: An employee ownership program that rebuilt success. The service imperative. Survival tactics: coping with incompetent bosses
- Abstracts: More overtime in construction. Health and service sector agreement. France: first company accord on stress at work
- Abstracts: Employee reactions to voice and choice in the workplace: the influence of culture. The transferability question: comparing HRM practices in the Philippines with the US and Canada
- Abstracts: Union presence, union service and membership participation. Strategy versus context: some comments on Morishima
- Abstracts: Cash-balance plan adapts to mobile work force. Protecting retirees