Highly Compensated Employee (HCE)
Definition A highly compensated employee (HCE) is any employee who — Was a 5-percent owner at any time during the year or the preceding year,
Qualified Tax Deferred Retirement Plan
A retirement savings account in which earnings grow tax-deferred. Special rules apply to contributions, distributions, and moving assets to, from, and between accounts.
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Annual Addition Limit
Definition The annual Addition limit is the maximum amount that may be added to a defined contribution plan on behalf of a participant for any
What is a 401(a) Plan? Find out here!
What is a 401(a) Plan? A 401(a) plan is a qualified retirement plan. The term “401(a) plan” is often used because that is the section
IRS Correction Procedures Addresses Correction for Failure to Adopt Written Plan for a 403(b)
“ ” The IRS released Revenue Procedure 2013-12 on December 31, 2012, which includes correction procedures for 403(b) Plans. Prior to the release of Revenue
IRS Defines ‘Unforeseeable Emergency’ For Purposes Of Code Secs. 457(b) and 409A
November 8, 2010 Rev. Rul. 2010-27: Defining ‘Unforeseeable Emergency’ For Purposes Of Code Secs. 457(b) and 409A Table of Contents ISSUE FACTS LAW AND ANALYSIS
Employer Stock or Employer Securities
Definition Employer stocks or employer securities, refers to shares of stock, bonds or debentures issued by a corporation with interest coupons or in registered form.
CODA (Cash or deferred arrangement)
Definition An arrangement under which employees can make a cash or deferred election to have money withheld from their wages and credited to their account under
