Guest Jami Posted January 6, 2000 Report Share Posted January 6, 2000 My question is related to what is "includible compensation" as referred to in the regulations at section 1.457-2(e)(2). Specifically, are tax-deferred amounts taken from a participants gross income for a defined benefit plan included for the includible compensation calculation? Link to comment Share on other sites More sharing options...
Carol V. Calhoun Posted January 13, 2000 Report Share Posted January 13, 2000 No. I.R.C. § 457(e)(5) and Treas. Reg. § 1.457-2(e)(2) define "includible compensation" for purposes of 457 plans to include only compensation which is includible in the employee's income (for tax purposes). Thus, amounts which are not includible in the participant's income (including amounts contributed to the 457 plan itself, as well as the contributions to defined benefit plans you mention) cannot be included in includible compensation. --------------------------------------- Employee benefits legal resource site Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances. Link to comment Share on other sites More sharing options...
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