IRS developments on plan loans, benefit reductions
Article Abstract:
The IRS has issued new regulations for pension plans administration. These include regulations clarifying when participant loans from a qualified plan can be treated as loans or distributions for tax purposes. Final regulations have also been issued for the direct rollover and mandatory 20% withholding requirements under the Unemployment Compensation Amendments of 1992 and temporary regulations for compliance with Section 204(h) of the Employee Retirement Income Security Act of 1974.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1996
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Allocation of fiduciary responsibility and soft dollar and recapture arrangements
Article Abstract:
ERISA permits pension plan fiduciaries to delegate some fiduciary duties but the fiduciaries may still retain certain supervisory responsibilities, including possible exposure to co-fiduciary liability. Such liability may be limited by delegation to plan participants or their beneficiaries of responsibility for deciding on investments. Circumstances under which such delegation can take place are summarized.
Publication Name: The Journal of Pension Planning & Compliance
Subject: Human resources and labor relations
ISSN: 0148-2181
Year: 1996
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