The tax law treats distributions from qualified plans and tax-sheltered annuities
similarly, a treatment generally familiar to tax practitioners.
But in addition to the half-step freezes, it wants to keep monthly health insurance contributions at $1,100 and eliminate district contributions to employee tax-sheltered annuities
, the kind employees of nonprofit institutions put into 403(b) plans with pretax money, have been around since 1958.
They also describe the different types of plans, including top-heavy plans, 401 (k) plans, employee stock ownership plans, multiemployer plans, Roth IRAs, simplified employee pensions, saving incentive match plan for employees, rollovers, and tax-sheltered annuities
Retirement Plans Loans to Katrina Victims 401(k)s and similar employer-sponsored retirement plans, such as 403(b) tax-sheltered annuities
and certain 457 deferred-compensation plans, can make loans and hardship distributions to victims of Hurricane Katrina and members of their families.
403(a) annuity plans, 403(b) tax-sheltered annuities
and 457 eligible governmental plans.
and structured settlement and tax-sheltered annuities
The book also covers other provisions, such as minimum participation, veterans rehire provisions, and tax-sheltered annuities
Other types of employer-sponsored plans include SEPs, Keoghs (if you're self-employed) and tax-sheltered annuities
Although the Tax Reform Act of 1986 rationalized many of these rules, particularly for qualified pension plans and tax-sheltered annuities
, you need to examine carefully the nondiscrimination rules applicable to each benefit.
In addition, tax reform added a 15 percent excise tax on aggregate distributions from all tax-favored plans, including qualified arrangements, IRAs, and tax-sheltered annuities
The Employee Plans Compliance Resolution System (EPCRS) contained in Revenue Procedure 2003-44 may be used to correct failures in qualified retirement plans, simplified employee pensions (SEPs), savings incentive match plans for employees (SIMPLE IRAs) and tax-sheltered annuities