Under REA, a non-participant spouse is entitled to a joint and survivor annuity in a
qualified plan if the participant dies after retirement as well as a preretirement survivor annuity if the participant dies prior to retirement, or a spousal benefit in most defined contribution plans.
qualified plan by assignees should comply with the exclusive benefit rule if the foreign "home employer" (the organization that transfers assignees) or foreign "host employer" (the organization to which assignees are transferred) is a participating employer or in the same controlled group as one of the participating employers.
Q: Can a QLAC in a
qualified plan be converted to a Traditional IRA?
A
qualified plan treats the owner and key employees similarly: The business receives a current income tax deduction for the plan and the owner does not include that contribution in current income or taxable net revenue.
That is because, until recently, it was rare for a
qualified plan vendor to be in the nonqualified plan business, says Heidi O'Brien, a partner in Mercer's Executive Benefits Group.
Dad's first major non
qualified plan was written in 1973 with a Fortune 500 company.
Is the value of a death benefit payable from a
qualified plan includable in the employee's gross estate?
for investment purposes IRA funds can be commingled with other funds in the
qualified plan, but the contributions and earnings must be separately accounted for); (3) they are potentially less expensive than stand-alone IRAs; and (4) as compared to a stand-alone IRA the employer's
qualified plan offers better protection from the employee's creditors.
This chapter focuses on the special features of a
qualified plan that covers self-employed individuals.
A
qualified plan that is disqualified would lose its tax-favorable treatment and the tax-exempt status of the trust established as a part thereof, regardless of whether the
qualified plan is the subject of a favorable determination letter.
Put away as much as you can in your
qualified plan because assets in
qualified plans under ERISA are not subject to attachment.
After some minor edits, they distribute their RFP to
qualified plan and nonqualified plan providers alike, often with only a one-week turnaround deadline.
