Nondiscrimination rule

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Nondiscrimination Rule

A provision of ERISA that requires employer-sponsored retirement plans to offer the same benefits in the same plans to all employees regardless of position in the company. That is, the nondiscrimination rule forbids employees of different rank from buying into the same plan and receiving different benefits. This protects both low income and high income employees. Plans violating the nondiscrimination rule are not tax deductible.

Nondiscrimination rule.

All qualified retirement plans, including 401(k) plans, must follow nondiscrimination rules. Among other things, the rules prevent highly paid employees from receiving more generous benefits than other employees.

However, employers may offer nonqualified plans to which antidiscrimination rules don't apply. Unlike contributions to qualified plans, contributions to nonqualified plans are not tax deductible.

References in periodicals archive ?
But its up to Congress, the Department of Labor and the IRS to modify existing requirements that are making it difficult for employers to feel comfortable forming such plans, such as non-discrimination rules or the one-bad apple rule, which will jeopardize the status of an entire plan if one employer in the plan doesnt comply with tax requirements.
The proposed FCC actions would enhance transparency for consumers so they know if and when their Internet service provider is slowing down or blocking online content, and include a commitment to restore the protections of the no-blocking and non-discrimination rules.
aMoreover, the wholesale broadband access product is the only regulated offer on Telefonica's fibre network, and the Spanish regulator does not plan to impose other competition safeguards, such as stricter non-discrimination rules.
Ensuring compliance with ACA's non-discrimination rules regarding favoring highly compensated employees in benefits offered,
However, the Equality Act 2010 requires occupational pension schemes to have non-discrimination rules read into them (if they aren't there already).
Topics include: the concept and history of non-discrimination rules, most-favored nation treatment, national treatment, general and specific exceptions, enforcement and conservation measures, and more.
It seems that net neutrality advocates like the idea of using the cable non-discrimination rules as a template for net neutrality.
If they save up to the limits allowed them under non-discrimination rules, then they might assume they are saving enough, when in fact they may not be putting enough away for sufficient retirement income, he continues.
These commitments will then be extended to all member countries under the WTO's normal non-discrimination rules.
The plans require a significant amount of administrative effort to comply with, among other things, non-discrimination rules.
Non-discrimination rules -- These prohibit a plan from basing enrollment in the group health plan on an individual's health status; they also require the elimination of provisions that required late enrollees to provide evidence of good health prior to obtaining coverage or plan participants to be actively at work for coverage to go into effect.