Guest former_svp Posted December 11, 2000 Posted December 11, 2000 Section 457(e)(11)says that the one of the only forms of compensation a bona fide volunteer can have is "nominal fees". Is there a specific amount that is considered to be nominal? Would $10,000 per year be considered nominal? Section 457(e) says volunteers can receive "reasonable benefits (including length of service awards)" and it limits the accrual in a length of service award program to $3,000. Which is bigger "reasonable" or "nominal"?
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