Defined Contribution Account Manager Nova 401(k) Associates
|
TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
New York City District Council of Carpenters Benefit Funds
|
Fringe Benefit Group
|
Greenline Wealth Management
|
Pollard & Associates
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
Defined Benefit Consultant/Enrolled Actuary Pension Plan Specialists, PC
|
Retirement Solutions Specialists
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
Great Lakes Pension Associates, Inc.
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Retirement Planners and Administrators (RPA)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
IRS Guidelines Regarding Rollovers as Business Startups (ROBS) (PDF)
Internal Revenue Service [IRS] [Official Guidance] Nov. 6, 2008
15 pages; a memorandum prepared Oct. 1, 2008 by the Director of Employee Plans SE:T:EP. Excerpt: "A version of a qualified plan is being marketed as a means for prospective business owners to access accumulated tax-deferred retirement funds, without paying applicable distribution taxes, in order to cover new business start-up costs. For purposes of this memorandum, these arrangements are known as Rollovers as Business Startups, or ROBS. While ROBS would otherwise serve legitimate tax and business planning needs, they are questionable in that they may serve solely to enable one individual's exchange of tax-deferred assets for currently available funds, by using a qualified plan and its investment in employer stock as a medium. This may avoid distribution taxes otherwise assessable on this exchange. Although a variety of business activity has been examined, an attribute common to this design is the assignment of newly created enterprise stock into a qualified plan as consideration for these transferred funds, the valuation of which may be questionable."
|
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). |