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9 Nov 2016, 4:00 pm
” The trust referenced here had a value in excess of $5 million and the wife had a future interest in one-ninth of that fund with the present value being $550,000. [read post]
13 Oct 2017, 2:20 pm by Cynthia Marcotte Stamer
Qualified profit-sharing and pension plan sponsors, fiduciaries, administrators and service providers should check of this recent guidance on various qualified pension and profit sharing plan qualification: Procedures for automatic approval for certain changes in funding method – For single-employer defined benefit plans subject to the minimum funding requirements of Internal Revenue Code (IRC) Section 430 (Revenue Procedure 2017-56). [read post]
3 Dec 2007, 5:14 pm
Absent an exemption, if a pension plan subject to ERISA is a limited partner in a venture fund, then all of the venture fund’s assets are subject to regulations that require the venture fund assets to be held in trust, prohibit certain transactions and place fiduciary duties on fund managers. [read post]
8 Nov 2010, 2:48 pm by James Hamilton
Otherwise, the intended prohibition on sponsoring hedge funds would accidentally and improperly apply to state statutory investment trusts relying on the exclusion in Section 3(c)(1) or 3(c)(7) of the 1940 Act. [read post]
20 Oct 2010, 6:09 pm by Patti Spencer
Uniform Trust Act Various technical corrections and clarifications are made to the Uniform Trust Act. [read post]
26 Dec 2013, 8:11 am
If you young people decide you're tired of funding our pensions and our health care, capacity to roam will not be enough. [read post]
2 Apr 2014, 8:42 am by Old Fox
Foreign financial institutions (FFIs) of all description—banks, stockbrokers, hedge funds, pension funds, insurance companies, and trusts—will be required to report to the IRS annual information on all clients (both direct and indirect) who are US persons. [read post]
1 Oct 2014, 1:48 pm
Carpenters Pension Trust Fund-Detroit & Vicinity, No. 13-cv-14464 (E.D. [read post]
11 Mar 2008, 10:09 am
The Penwith College, Penzance (Dissolution) Order 2008 The Local Government Finance (New Parishes) (England) Regulations 2008 The Local Government (Parishes and Parish Councils) (England) Regulations 2008 The Occupational Pension Schemes (Non-European Schemes Exemption) Regulations 2008 The Discharge of Fines by Unpaid Work (Pilot Schemes) (Amendment) Order 2008 The Tax Credits (Miscellaneous Amendments) Regulations 2008 The Young Offender Institution (Amendment) Rules 2008 The Offender… [read post]
7 Sep 2011, 10:22 pm
When the federal government takes the cash coming into Social Security, it writes the trust fund a bond on a laser printer located at the bureau. [read post]
19 Dec 2010, 7:16 am by Stanley D. Baum
The Ruling also contains guidance/transitional rules: for meeting requirements (3), (5) and (6) above, for certain commingled trust funds maintained by the Pension Benefit Guaranty Corporation, for reliance on prior determination letters and for plans described in section 1022(i)(1) of ERISA (i.e., Puerto Rico situs trusts) that are participating in a group trust. [read post]
9 Oct 2023, 11:00 pm by Sherica Celine
Read now » Related Content Rabbi Trust Use this template for a rabbi trust that follows the IRS-established model rabbi trust language in Rev. [read post]
30 Aug 2010, 4:35 pm
Unlike strangers, relatives and caregivers often have a position of trust and an ongoing relationship with the elderly. [read post]
14 Sep 2015, 2:52 pm by Adam Kielich
In a defined benefit pension plan the funds are kept in a general trust and are payable against any accrued benefits for which the plan must pay. [read post]
10 Jan 2014, 10:51 am by Christopher Collins
  The amendment was enacted as part of a package of reforms aimed at returning New York State’s Unemployment Insurance Trust Fund to solvency in the wake of the economic recession. [read post]