* No ERISA or REA rights in IRA's for non-participant spouses where the participant retires and rolls over
qualified plan balances into an IRA.
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?
If the S Corp has no
qualified plan, consider implementing one.
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.
Is the value of a death benefit payable from a
qualified plan includable in the employee's gross estate?
Initially, they appear to offer the following employee advantages: (1) they may encourage retirement savings by facilitating the coordination of pension and IRA investments (i.e., "one-stop shopping" for retirement savings); (2) they provide the convenience of consolidation of IRA contributions, both traditional and Roth, in the same investment options as employer plan assets (i.e., 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.
A Keogh plan works much like any
qualified plan; the details of the various types of
qualified plans such as defined benefit or profit sharing plans are discussed in separate chapters of this book.
Federal pension law under the Employee Retirement Income Security Act (ERISA) does not require that a
qualified plan cover all employees when determining compliance with coverage requirements.
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.
Any outstanding loan from a
qualified plan that had a required payment due date between August 25, 2005, and December 31, 2006, will have its due date delayed for one year.
