Guest Ralph Amadio Posted October 4, 2001 Report Share Posted October 4, 2001 There seems to be a group of organizations marketing plans euphemistically purporting to be VEBA's, yet leaving the funding in the hands of the Employer. Seems to be happening in the public agency and school world more than elsewhere. I would appreciate any comments about the differences between VEBA's and "Section 115" plans. It appears to me the employers are saying "trust us, we won't spend your money" and further that the possibility of constructive receipt or a "bad" 457(f) scenario looms large. Most labor groups don't seem to be aware of the difference betweens these "look alikes" and a real 501(c ) 9. Link to comment Share on other sites More sharing options...
GBurns Posted October 4, 2001 Report Share Posted October 4, 2001 How can I find out more about these plans? In what state are they being marketed? Is it only 1 marketing group? Who is marketing these plans? George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction) Link to comment Share on other sites More sharing options...
Guest Ralph Amadio Posted October 19, 2001 Report Share Posted October 19, 2001 The intent of these plans seems to be to leave the assets in the hands and on the general ledger of the Employer, similar to the old rules of governmental 457. Link to comment Share on other sites More sharing options...
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