Other benefits include 20 days of vacation, 20 paid sick days, and $17,546 to purchase permanent life insurance, long-term care insurance, long-term disability insurance, tax-sheltered annuities
or a contribution to the college's deferred compensation plan.
To address this confusion, in 1979 the Department of Labor (DOL) created a safe-harbor exclusion from ERISA coverage for certain tax-sheltered annuities
and individual retirement accounts (IRAs), provided that employer involvement was limited.
He is the author of over 28 books, including 17 editions of "Nonqualified Deferred Compensation Plans," "Tax-Sheltered Annuities
For example, Balderas' contract includes a $400 increase in the amount of tax-sheltered annuities
he is to receive for his retirement plan, from $600 to $1,000 per month.
403(b) plans, generally known as tax-sheltered annuities
. The tax law treats distributions from qualified plans and tax-sheltered annuities
similarly, a treatment generally familiar to tax practitioners.
In order to set up a SIMPLE IRA plan, the employer must not maintain another employer-sponsored retirement plan (including qualified plans, tax-sheltered annuities
, and SEPs) and in the preceding year must have employed 100 or fewer employees earning at least $5,000.
, 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
. An appendix provides tables detailing IRC sections, Treasury regulations, ERISA sections, Department of Labor regulations, revenue rulings and procedures, letter rulings, notices and announcements, cases, and PBGC--Pension Benefit Guaranty Corporation--related material.
[For instance, "tax-sheltered annuities
" under Section 403(b) of the Internal Revenue Code mandated annuities as the only acceptable product until 1974; in addition Section 408(b) of the Internal Revenue Code provides for "individual retirement annuities" as one of the methods to fund an IRA.]
In this section, the savings incentive match plan for employees (Simple IRA) has more pages devoted to it than to simplified employee pension (SEP) plans or to section 403(b) tax-sheltered annuities
. The guide points out that, under a Simple IRA, a contribution is required even if the business is not profitable.
403(a) annuity plans, 403(b) tax-sheltered annuities
and 457 eligible governmental plans.