ERISAatty Posted September 17, 2009 Share Posted September 17, 2009 Any reason why an employer couldn't sponsor two separate Section 127 Plans? In this case, employer wants to implement a new tuition assistance plan to a narrow and specific (but nondiscriminatory) class of employees. But employer already has another plan in place. I don't see a problem with two Section 127 plans as long as all other compliance (reporting, disclosure, etc.) requirements are satisfied. Am I missing anything? Link to comment Share on other sites More sharing options...
J Simmons Posted September 20, 2009 Share Posted September 20, 2009 I think you're okay as long as IRC sec 127(b)(3) is satisfied aggregating the benefits from the two plan, no one employee benefits more than the $5,250 limit of IRC sec 127(a)(2) and each plan separately satisfies the other requirements of IRC sec 127. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now