Compliance August 2, 2011
IRS ESOP Review Worksheet Revised
August 2, 2011 (PLANSPONSOR.com) - The Internal Revenue Service has created a revised three-page Employee Stock Ownership Plan (ESOP) Review Worksheet to be used for plans’ initial review, the National Center for Employee Ownership (NCEO) reports.
Reported by PLANSPONSOR staff
The worksheet says it is to be used as tool to help design ESOP documents that meet the applicable requirements.
The worksheet is at http://www.irs.gov/pub/irs-tege/esop_worksheet_0811.pdf.You Might Also Like:
IRS Notice Defines Retirement Plan Tax Distribution Exceptions
The IRS has provided guidance on certain exceptions from the 10% tax penalty for emergency personal or family expenses and...
Employer Forfeited Funds Complaint Against HP Inc. 401(k) Plan Is Dismissed
A federal judge ruled the suit’s ‘theory of liability’ was too broad and dismissed the complaint, which focused on the...
What Does the End of Chevron Deference Mean for the DOL?
It could mean more lawsuits and overturned rules related to retirement plans.