Atlantic Pension Services Inc
Creative Pension Consultants, Inc.
Compensation Strategies Group, Ltd.
The Retirement Plan Company (TRPC)/an ABG firm
Nicholas Pension Consultants
Nova 401(k) Associates
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Unfortunate Court Decision Holds Employer Liable for Legal, But Not Optimal, Tax Withholding|
Winston & Strawn LLP
Jan. 30, 2015
"The court concluded that the plan required the employer to withhold FICA tax at the time an employee deferral contribution was withheld or an employer matching was credited to an employee's account. If Henkel had done so -- following the special timing rule -- no FICA taxes would have been due on payments from the plan because of the non-duplication rule, and employees/participants would have enjoyed more favorable tax consequences. The court granted summary judgment to plaintiffs on their claim that the employer 'committed a FICA error in violation of the Plan.' " [Davidson v. Henkel Corp., No. 12-cv-14103 (E.D. Mich. Jan. 6, 2015)]
|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 link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|