Group Term Life Insurance and the definition of Compensation

[Harwood]

Do you consider the value of Group Term Life Insurance in excess of $50,000 to be a "fringe benefit [cash and non-cash]" or "welfare benefit" for purposes of compensation exclusions under 1.414(s)-1©(3)

[g8r]

I think it falls within that exclusion. But, the regulation is very vague and I'm not aware of any guidance on this issue.

FYI, you could use wages for withholding (rather than W2 wages) and GT Life over $50,000 would be excluded.