2017 ESOP and Pension Plan Limits

The IRS has announced the 2017 pension plan limits, including the following:

  • 401(k) Deferral Limit - $18,000

  • Annual Additions Limit - $54,000

  • Maximum Compensation Limit - $270,000

  • Catch-Up Contribution Limit - $6,000

  • Highly Compensated Employee - $120,000

  • ESOP 5-Year Distribution Threshold - $1,080,000

  • ESOP Additional Year Threshold - $215,000

2016 ESOP and Pension Plan Limits

The IRS has announced the 2016 pension plan limits, including the following:

2015 ESOP and Pension Plan Limits

The IRS has announced the 2015 pension plan limits, including the following:

2013 End of Year ESOP Legal Considerations

The end of the year is approaching.  Here is a list of items to make sure you have addressed before the end of the year.

Cycle C2 ESOP Determination Letters

The Cycle C2 submission deadline for an ESOP Determination Letter is January 31, 2014.  Here is a quick review of the process.

Summary of ERISA Benefit Legislation

Congress has passed over 100 major pieces of employee benefit legislation since ERISA.  Chronological Summary of Major Post-ERISA Benefit Legislation provides a summary of the major employee benefits legislation:

2014 ESOP and Pension Plan Limits

The IRS has announced the 2014 pension plan limits, including the following:

FASB Exposure Draft Indefinitely Defers Certain ESOP Disclosures

Update on FASB ESOP Disclosure Requirements Effective in 2012

Review of ESOP Built-In Gains (BIG) Tax Rules from 2009 - 2013

Uncertainty for ESOP companies contemplating Converting from C Corporation to S Corporation continues.  One of the factors in considering a change is that assets sold within a period after the conversion from a C Corporation to an S Corporation may be subject to the IRC Section 1374 – Built-In Gains (BIG) Tax.  The holding period or “recognition period” depends on the year of the disposal of assets.

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