Knowledge Center.

Minimum Coverage rules require employers to offer their qualified benefit plan to a cross section of employees....

The definition of compensation used in a qualified plan must be nondiscriminatory. Any definition of compensation satisfying Internal Revenue Code (IRC) §415(c)(3) automatically satisfies the nondiscriminatory requirement of IRC Section…...

Proposed regulations issued in January of 2001 changed the timing of Required Minimum Distributions (RMDs)....

The Controlled Group rules require closely related companies to be treated as a single employer for benefit plan purposes. This means that employees of all the related companies must be…...

The definition is analogous to that of Controlled Groups. The important distinction is that Groups under Common Control are limited to trades or businesses....

The term “affiliated service group” involves two (or more) organizations....

Family Attribution is used in determining if an individual is a Highly Compensated Employee and/or a Key Employee....

Several factors come into play in determining whether someone is an employee or an independent contractor....

Some employers consider Professional Employer Organizations (PEOs) to be an effective way of managing their “human capital” by leasing employees....

To determine if plans are top-heavy (typically at the end of each plan year), plans must identify their Key Employees....

Qualified plans, including 412(i) plans, are subject to nondiscriminatory coverage and participation requirements, which in turn are based on the definition of Highly Compensated Employee....

Generally under ERISA, every fiduciary of an employee benefit plan and every person who directs and controls plan funds or property must be bonded. This would include members of the…...

Party-in-interest transactions involving plan assets and a party-in-interest (such as leases, loans, sale of property, etc) need to be identified separately, unless exempt by statute or administrative decision....

The following chart outlines the extent to which one type of retirement plan currently is eligible for rollover to another type....