dmb Posted July 1, 2010 Posted July 1, 2010 Are Non-ERISA Church DB Plans subject to top heavy??? Thanks.
My 2 cents Posted July 1, 2010 Posted July 1, 2010 We have been presuming that church plans are exempt from that sort of thing. Always check with your actuary first!
david rigby Posted July 1, 2010 Posted July 1, 2010 Aren't non-ERISA plans exempt from ERISA? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
FormsRstillmylife Posted July 1, 2010 Posted July 1, 2010 Non ERISA church plans are subject to the Internal Revenue Code. Section 401(a) does not exempt them from the top-heavy requirements. They are subject to these rules. This prevents qualified retirement plans from being sponsored by a bogus church and stuffing the key employee benefits at the expense of the non-key.
Guest Sam13jj Posted August 3, 2010 Posted August 3, 2010 hi.... We have been presuming that church plans are exempt from that sort of thing. Maybe and thanks,,...
My 2 cents Posted August 3, 2010 Posted August 3, 2010 Agreed - not seeing anything exempting them (under IRC rules). I don't think I have ever seen a church plan that would have come close to being top heavy though - would probably have to be a very small covered group. Always check with your actuary first!
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