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In a split-dollar program, an er pays premiums on the policy, and the


Guest RW
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  • 6 years later...
Guest Ry Benefits

What is your question? If the participant accesses their portion of the cash value prior to rollout, then typically the split dollar agreement terminates at that time. Upon release of the collateral assignmenet, all of the cash value that belongs to the participant should be reported as income on a W-2 and withholding should occur.

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  • 6 months later...
Guest Patricia22
What is your question? If the participant accesses their portion of the cash value prior to rollout, then typically the split dollar agreement terminates at that time. Upon release of the collateral assignmenet, all of the cash value that belongs to the participant should be reported as income on a W-2 and withholding should occur.

Upon release of the collateral assignment, cash value would be income on W-2, but would it also be income on W-2 subject to FICA taxes?

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