The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1997 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
accrual rate accrued benefit actuarial actuarial present value allocation amendment amortization amount annuity contract apply assets average annual compensation benefit percentage cash or deferred collective bargaining December 31 deductible deferred arrangement defined benefit plan defined contribution plan described in paragraph described in section determined early retirement effective date elective contributions employee benefit employee contributions employee's ERISA Example excess contribution form of benefit former employee graph HCES highly compensated employees individual retirement account limit lines of business matching contributions ment nonforfeitable normal retirement age offset optional form owner-employee participant payment pensation pension period permitted disparity plan provides plan satisfies plan years beginning ployee prior purposes of section qualified plan quirements requirements of section respect retirement benefit safe harbor satisfies section satisfy the requirements section 401 special rules spect subparagraph taken into account taxable taxable wage termination tion trade or business treated tributions trust vesting vided
Popular passages
Page 319 - In the case of an employees' trust described in section 401(a), which is exempt from tax under section 501(a), if the total distributions payable with respect to any employee are paid to the distributee within 1 taxable year of the distributee on account of the employee's death or other separation from the service...
Page 15 - ... prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of his employees or their beneficiaries...
Page 383 - In other property, (1) out of Its earnings or profits accumulated after February 28, 1913, or (2) out of the earnings or profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time the distribution was made.
Page 49 - For purposes of this section, the term "determination" means— (1) a decision by the Tax Court or a judgment, decree, or other order by any court of competent jurisdiction, which has become final ; (2) a...
Page 16 - Secretary or his delegate not to be discriminatory in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees; and (4) if the contributions or benefits provided under the plan do not discriminate in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees.
Page 337 - Such contribution is to be applied by the trustee for the purchase of annuity contracts for the benefit of such employee...
Page 404 - ... trust ; nonexempt trust. Sec. 402. Taxability of beneficiary of employees' trust. • • • (b) Taxability of beneficiary of nonexempt trust. Contributions to an employees' trust made by an employer during a taxable year of the employer which ends within or with a taxable year of the trust for which the trust is not exempt...
Page 588 - A person shall no longer be considered a beneficiary of an estate when all the property to which he is entitled has been received by him, when he no longer has a claim against the estate arising out of having been a beneficiary, and when there is only a remote possibility that it will be necessary for the estate to seek the return of property or to seek payment from him by contribution or otherwise to satisfy claims against the estate or expenses of administration.
Page 405 - In the case of a pension plan, to provide for the livelihood of the employees or their beneficiaries after the retirement of such employees...
Page 36 - Secretary or his delegate, with respect to that portion of his earned income which bears the same ratio to his earned income as the basic or regular compensation of the employees under the plan bears to the total compensation of such employees.