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IRC Section 501(c)(18)(D) Plans


Guest Thornton

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Guest Thornton

Is anyone familiar with such plans. I'v been asked what the deferral limits are. I read the statute and it sounds like a 401(k) plan, including reference to IRC 402(g). According, I assume under EGTRRA the limit is $13,000 in 2004. Is this correct? I assume the plans are maintained by not-for-profits, but would appreciate more information.

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501©(18)(D) limits employee deferrals to the amount permitted under IRC 219(b)(3). There are very few of these entitiles in existance. They were established by labor unions to provide for employee funded pension plans.

mjb

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