Kelly

Thank you! exactly what I needed just could not nail it down

Hello, Would a surviving spouse be eligible for the same tax exemption as the duty disability retiree? I see all kinds of documentation referring to federal tax exemption to the disability retiree but nothing referring me to how taxation works for the person picking up the pension after the death of the disability retiree. I was given a copy of PLR -167262-03 within it "...the benefits received by the surviving spouse or dependent minor children of a recipient who was receiving service incurred benefits are also excludable from gross income...." Thanks!

Thanks!

Our concern first came up when the plan sponsor went into emergency manager status and bankruptcy was a possibility. I wanted to make sure that should bankruptcy happen there would be no question as to where the assets belonged.

Isn't form 5500 for ERISA based plans?

Correct. The Sponsor's ID has not changed. However, in 2003 an entity spun off of the main plan sponsor but still remained in the plan. We are now a multiple employer plan. Not sure if it is correct to continue to used the first sponsor ID now that there is a second entity.

Hello, Our plan has a DB, 401(a) and multiple 457(b) plans and was originally one plan sponsor. When the plans were first created they were all under the plan Sponsor's tax id. Over time the DB plan moved to it's own tax id. The 401(a) and 457(b) are still under the original plan sponsors tax ID. The plan is now a multiple employer plan. My first thought is that the 401(a) and 457(b) should be under the same tax id number as the DB plan. I have also heard arguments that that should all have individual tax's ID's. Thoughts? Any supporting links you could send me to? TIA. Kelly

Not sure what you mean. Are you asking if they can buy the time if it is not listed in a CBA?

That confirms my thoughts. Thank you Carol!

Hello, I am brand new here and hoping someone has encountered my question before. Would the IRS statutes that refer to multiple employer plans take precedence over the plans that are within, Gov't plans? (401(a) plans) We have two government plans that are operated under one administrator that has multiple employer status. Vesting would be treated as separate for each employer if I refer to gov't statutes only, however, someone is telling me that the under the multiple employer status vesting would be combined between the two employers. Which should I follow? Thanks! Kelly