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 ?
The Federal Communication Commission's "net neutrality" decision in 2015 applied non-discrimination rules to broadband and cable operators.
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.
Three main provisions of the ACA have not yet been implemented: the fully insured, non-discrimination rules; auto-enrollment requirements for employers with 200 or more employees; and the so-called "Cadillac tax." The first two items have not been assigned effective dates yet, and the latter one will become effective in 2018.
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. Furthermore, the proposal aims to enhance broadband competition by reducing barriers to municipality-built broadband networks.
The Commission first warned CMT (the predecessor of CNMC) in Junea that its plan may not be compatible with EU telecoms rules(1), could be detrimental to competition, and would not encourage investment in high-speed broadband.aIn particular, the Commission is concerned that the Spanish regulator[acute accent]s proposed price-setting model would lead to regulated prices up to 50% higher than cost-efficient levels.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.
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