Tax-exempts' new sec. 401(k) plan eligibility may jeopardize affiliates' plans.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on January 1, 1997. The length of the article is 539 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Tax-exempt organizations will be allowed to offer 401(k) plans to their employees under the Small Business Job Protection Act of 1996, but for-profit affiliates of tax-exempts may end up violating IRC section 410(b) because of this change. When applying section 410(b) coverage tests for employee eligibility levels, for-profit affiliates have generally been able to disregard affiliated non-profits, but non-profits will now have to be included in the testing. The IRS will allow controlled groups to continue disregarding tax-exempt members through 1997.

Citation Details
Title: Tax-exempts' new sec. 401(k) plan eligibility may jeopardize affiliates' plans.
Author: Elizabeth Buchbinder
Publication:The Tax Adviser (Magazine/Journal)
Date: January 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n1 Page: 12(2)

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