Recent legislative activity respecting COLI - The bill includes the COLI provision which preserves the tax exemption for COLI death benefits for employer-owned life insurance in the following situations...
Status of 409A Guidance
Last fall Congress enacted section 409A, which added substantial new restrictions on the use of nonqualified deferred compensation arrangements. In December the IRS issued Notice 2005-1, which provided the first round of guidance under section 409A.
Smaller plans on audit radar screen
In the past, only large plans with 100 or more participants required an audit by a qualified independent accountant. But recent rule changes require all plans - large and small - to include an audit report with their returns unless they meet specific guidelines.
Should you offer a deemed IRA in your qualified plan?
The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) introduced a new way for employers to offer retirement savings opportunities for employees: Employers may include IRAs as part of their qualified retirement plan.
Health Savings Accounts provide important new benefits
Eligible individuals can establish Health Savings Accounts (HSAs), which are tax exempt trusts established to receive tax favored contributions by or on behalf of qualified individuals.
For more information, contact Ross Freedman or visit www.kaedingco.com.
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Kaeding, Ernst & Company
65 Boston Post Road, West, Suite 350
Marlboro, MA 01752
