Featured Jobs
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
Compensation Strategies Group, Ltd.
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
BPAS
|
|
DWC ERISA Consultants LLC
|
|
BPAS
|
|
EPIC RPS
|
|
July Business Services
|
|
The Pension Source
|
|
Nova 401(k) Associates
|
|
Merkley Retirement Consultants
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
IRS Addresses Long-Term Care Policies Provided as an Investment and Benefit Under 401(k) Plan
Deloitte via BenefitsLink 
[Guidance Overview] Mar. 4, 2008
Excerpt: IRS recently ruled that the payment of premiums on long-term care policies held by a 401(k) plan for the benefit of electing participants would run afoul of the qualification requirements. IRS reasoned that such payments would be considered taxable distributions and, therefore, would violate the restriction imposed by IRC § 401(k) which permits distribution only on account of severance from employment, death, disability, plan termination, age 59-1/2, hardship, and a qualified reservist distribution. IRS Private Letter Ruling 200806013 (November 15, 2007).
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |