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want to know how to make union plans deductible for employer


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Guest brettlopez
Posted

my question is. under what format can the employer of union employees recieve the tax benefits associated with a normal non union employer type of "match" but still make it a required or mandatory collectively bargained contribution type of arrangement. I think it might be able to be done under a profit sharing contribution but then wouldn't the employer need to maintain a plan for the non union employees? any help on this would be greatly appreciated. thank you in advance for your help. brett

Posted

The tax benefits for the sponsor of a qualified plan depend only on the type of Plan. It doesn't matter if the Plan covers union or nonunion employees (or both).

Generally, a company can sponsor a plan for collectively bargained employees without having one for the other employees.

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