Definiti
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Howard Simon & Associates
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Manager/Supervisor of Benefits and Payroll Compensation Virginia Farm Bureau
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Southern Pension Services
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Quantech Pensions LLC
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Small NY Actuarial TPA Firm
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Retirement Plan Relationship Manager Prosperity Advisors, LLC
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Advanced Plan Designs, LLC
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Plan Compliance Analyst (administrator) RPA
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Southern Pension Services
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Defined Contribution Plan Administrator Pension Investors Corp of Orlando Inc
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Pension Rights Center
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Carpenter Morse Group
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Question 146: The proposed 414(m) regulations say that you use the attribution rules of Code Section 267(c) in determining whether an ASG exists. But Code Section 414(m) refers to the attribution rules of Code Section 318(a). Which is right? Why is there a difference? |
Answer: The first question is easy. Given a choice between the Code and the Regulations, you are almost always right in choosing the Code, and you are certainly right to do so here. The ASG rules do use the attribution system of Section 318. |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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