...individuals, see Revenue Procedure 6430, CB 1964-2,944. SEC. 2. BACKGROUND AND GENERAL INFORMATION. .01 A trust created or organized in the United States and forming part of a pension, profit-sharing, or stock bonus plan of an employer for the exclusive benefit of his employees...

...annuity payments under the contract. Section 165 provides for the exemption of a trust which forms part of a stock bonus, pension, or profit-sharing plan of an employer for his employees and sets forth the method of taxing amounts distributed to beneficiaries of these trusts....

...settlement. In order to qualify under section 401 (a) of the Code, a trust must, among other things, form a part of a stock bonus, pension, or profitsharing plan of an employer for his employees or their beneficiaries. Section 1.401-l(b) (1) (i) to (iii), inclusive, of the Income...

...annuity payments under the contract. Section 165 provides for the exemption of a trust which forms part of a stock bonus, pension, or profit-sharing plan of an employer for his employees and sets forth the method of taxing amounts distributed to beneficiaries of these trusts....

...attributable largely to the limitation contained in section 165 of qualified trusts to those set up by an "employer for the exclusive benefit of his employees or their beneficiaries." Thus the self-employed are debarred completely from sharing in the tax benefits available to all those...

...Revenue Code. Section 165(a) of the Code provides in part as follows: (a) EXEMPTION FROM TAX. — A trust forming part of a stock bonus, pension, or profit-sharing...benefit of his employees or their beneficiaries shall not be taxable under this supplement [Supplement E, Subchapter C of Chapter 1 of the Code.] * * *....

...workers. In connection with the profit-sharing plan, we note that section 401(a) of the Code refers to a "profit-sharing plan of an employer for the exclusive benefit of his employees" (emphasis supplied), and that section 404 provides for deductions in respect of contributions by an...

...STOCK BONUS PLANS (a) Requirements for Qualification — A trust created or organized in the I'nited States and forming part of a stock bonus, pension,...for the exclusive benefit of his employees or their beneftdaries shall constitute a qualified trust under this section — ***• (4) If the contributions...

...Loan Act of 1933 would read as follows: "Any such association is authorized to act as trustee of any trust created or organized in the United States and...part of a stock bonus, pension or profit-sharing plan which qualifies or qualified for specific tax treatment under section 401(d) or section 408 of the...

...Requirement An employee-benefit trust is exempt under Internal Revenue Code §401 (a) (1) only if it Is part of a stock bonus, pension or profit-sharing plan...benefit of his employees or their beneficiaries." In respect to the investment of trust funds by an exempt trust, Revenue Ruling 69-421, part II(k)(l),...