TAILIEUCHUNG - Lecture Employee benefits and retirement planning - Chapter 12: ERISA reporting and disclosure

This chapter provides an overview of ERISA reporting and disclosure requirements. The text focuses on exemptions, while an extended chart at the chapter’s end provides a good compilation of the requirements. After a brief identification of ERISA, the chapter looks at plans that are exempt from ERISA. | What is it? Employee Retirement Income Security Act of 1974—broad legislation governing requirements for employee benefit and retirement plans ERISA includes broad reporting and disclosure requirements for many plans Divides plans into 2 types: pension plans and welfare plans Copyright 2009, The National Underwriter Company Government plans Church plans Plans outside . Unfunded excess benefit plans Plans maintained solely to comply with workers compensation, unemployment compensation and disability insurance laws Plans Exempt from ERISA Copyright 2009, The National Underwriter Company Much broader term under ERISA than under Internal Revenue Code Means any plan, fund or program of employer, employee organization (., union) or both, that: Provides retirement income to employees, or Results in deferral of income by employees for periods extending to termination of employment or beyond “Pension Plan” under ERISA Copyright 2009, The National Underwriter Company ERISA definition includes all qualified pensions and profit sharing plans; also includes some nonqualified deferred compensation plans ERISA pension plan generally is any employee benefit plan that involves deferral of an employee’s compensation to retirement or later date “Pension Plan” under ERISA Copyright 2009, The National Underwriter Company Labor regulations give partial exemptions or special treatment from ERISA requirements for: Severance pay plans if Payments do not depend directly or indirectly on the employee’s retiring Total payments under the plan do not exceed twice the employee’s total annual compensation during the year immediately preceding the separation from service All payments to the employee are completed within 24 months of separation from service. Regulatory Exemptions Copyright 2009, The National Underwriter Company Plans complying with requirements are exempted from reporting and disclosure requirements for pensions, but may be subject to more limited .

• Quản trị kinh doanh
• Employee benefits
• Retirement planning
• Retirement plan design
• ERISA reporting
• Pension plan
• Welfare plan
• Employee’s retirement
• Employee benefit planning
• Individual benefits statement
• Employee discounts
• Company cafeterias
• Employee stock purchase plans
• Section 423 plans
• Key employee life insurance
• Corporate owned life insurance
• Simplified employee pension
• Salary reduction SEP
• Scheduled benefits
• Legal services plan
• Lecture Human resource management
• Human resource management
• Human resource
• Quản trị nhân sự
• Employee benefits programs
• Restricted stock plans
• Employee retention
• Strategic Benefits
• Development Benefits
• Financial Reporting
• Financial Management
• Human Resources
• Legal services plans
• Employer select
• Designing retirement plans
• Stock options
• Nonstatutory stock option
• Incentive stock options
• Alternative minimum tax
• Cafeteria plans
• IRC section 125
• Flexible spending accounts
• Medical reimbursement
• Group term life insurance
• Executive carve out
• Split dollar life insurance
• Endorsement method