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.

Retirement Benefits, Laws, regulations and rules, Qualified benefit plans

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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.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pension & Welfare Benefit Prgrm, Management, Innovations, Pension funds, Salary reduction savings plans, 401K plans

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