The IRS has announced the 2016 pension plan limits, including the following:
The Cycle C2 submission deadline for an ESOP Determination Letter is January 31, 2014. Here is a quick review of the process.
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:
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.
The IRS has announced the 2013 pension plan limits, including the following: