The Budget Act amends the hardship withdrawal rules to permit plans to allow contributions to a profit-sharing or
stock bonus plan under Code Section 402, QNECs, QMACs, and earnings, to the category of contributions available for hardship withdrawals.
If you maintain an employee benefit plan, such as a pension, profit sharing, or
stock bonus plan, with a calendar year end, file Form 5500 or 5500-EZ for calendar year 2012.
AN EMPLOYEE STOCK OWNERSHIP PLAN (ESOP) is a
stock bonus plan or a combination of a
stock bonus plan and money purchase pension plan.
Dillard's is urging approval of a
stock bonus plan, a stock purchase plan and a nonemployee director restricted stock plan.