Certain age cannot participate in the plan

Assignment Help Business Management

Reference no: EM133575027

Question

Maximum Age Conditions: Can a retirement plan say that employees above a certain age can't participate? Rule: According to Section 410(a)(2), a trust will not be a qualified trust under section 401(a) if it excludes employees from participating based on their age. In simpler terms, you can't have an age limit that says people above a certain age cannot participate in the plan. Discrimination Rules: Can a retirement plan be created that only includes specific groups of people? Men or Women Only: Can the plan only cover men or women? Middle Name Requirement: Can it cover only people with a middle name? Salaried Employees with 1000 hours: Can it only cover those who are salaried and have worked at least 1000 hours?

Reference no: EM133575027

Questions Cloud

High-speed patrolboats for the coast guard : BFR is a ship-building firm that has just won a government contract to build 10 high-speed patrolboats for the Coast Guard.

Buyers have opportunities to customize camp cars : Buyers have opportunities to customize camp cars. The company provides a user-friendly configuration tool on its websites, allowing potential buyers.

Zoom robot vacuum cleaner : GPS Marketers was contracted to help a company improve the sales of its Zoom robot vacuum cleaner.

What laws are relevant to the policies and procedures : What laws are relevant to the policies and procedures you will establish as CEO of a personal injury lawyer?

Certain age cannot participate in the plan : In simpler terms, you can't have an age limit that says people above a certain age cannot participate in the plan

Is Mark in violation of HIPAA : Who are also catching up on progress notes. Mark laughingly says, "Mr. Jones' dementia is really getting the best of him." Is Mark in violation of HIPAA?

Which part of affirmative action plan sets : Which part of an affirmative action plan sets out a course of action to address any underrepresentation, underutilization,

Nathan works in home improvement warehouse : Nathan works in a home improvement warehouse, moving merchandise from the stockroom to the store shelves.

What are the tax implications : Tanya also received $100,000 in insurance payments. What are the tax implications?

User Account

All Pages