457 Answer Book, Fifth Edition / Edition 5

457 Answer Book, Fifth Edition / Edition 5

by Gary S. Lesser, David W. Powell, Peter J. Gulia
     
 

The 457 Answer Book is an in-depth resource that provides answers to the questions that tax-exempt organizations, state and local governments, their accountants, tax and legal advisors, 457 administrators, product providers, and investment counselors
See more details below

Overview

The 457 Answer Book is an in-depth resource that provides answers to the questions that tax-exempt organizations, state and local governments, their accountants, tax and legal advisors, 457 administrators, product providers, and investment counselors

Product Details

ISBN-13:
9780735565944
Publisher:
Wolters Kluwer Law & Business
Publication date:
07/26/2007
Edition description:
Older Edition
Pages:
736

Table of Contents

1. The History of 457 Plans

• Deferred Compensation Before Code Section 457
• Code Section 457 Enactment
• Extensions of Code Section 457 in the 1980s
• Changes in the 1990s: Code Section 457 Plans Start to Look More Like Retirement Plans
• EGTRRA and Beyond
• Job Creation and Worker Assistance Act and Pension Protection Act
• Final 457 Treasury Regulations

2. Eligible 457 Plans

• Employers Subject to Code Section 457
• Church and Church-Related Employers
• Rural Cooperatives
• Plans Subject to Code Section 457
• Eligible 457(b) Plans
• Inconsistent Administration
• Application of ERISA to 457 Plans
• Who Can Participate in a 457(b) Plan?
• Trust Requirements for Eligible Governmental Plans
• Compensation Limits for 457(b) Plans
• Agreements to Defer Compensation
• Contributions by Employers
• USERRA Applicability
• Limitations on Contributions
• Qualified Governmental Excess Benefit Arrangements
• Coordination of Deferrals with Other Plans or Other Employers
• IRS Approval
• Federal Tax Consequences to Participants
• Withholding and Reporting
• State Taxation of Nonresidents
• Excise Taxes
• Investment of 457 Plan Assets
• Life Insurance
• Distributions and Related Issues
• In-Service Withdrawals
• Retirement Distributions
• Separation from Service and Deferred Distributions
• Distributions to Independent Contractors
• Plan-Approved Domestic Relations Orders
• Transfers Between Plans
• Government Balance Sheet Reporting
• Advantages of a 457(b) Plan
• Negative Election Plans
• Governmental Plan Rollovers
• Tax and Service Credit for Governmental Plans
• Plan Termination
• References

3. Distribution Rules

• Overview of the Pension Protection Act of 2006 Distribution and Taxation Provisions
• Early Distribution Rule
• Minimum Distribution Rule
• Rollovers
• Direct Transfers
• Special Distribution Rules for Public Safety Employees and Officers
• PPA 06 Distribution Provisions Effective in 2008
• Other Distribution Rules

4. Investments

• Permitted Investments for Deferred Compensation Plans
• Types of Investments
• Rabbi Trusts
• Trusts for Governmental Deferred Compensation Plans
• Employer Responsibility for Plan Investments
• Participant-Directed Investment

5. Beneficiary Designations and Estate Planning

• Author's notes
• Making a Beneficiary Designation
• Using Trusts
• Family Rights That Restrain a Beneficiary Designation
• Charitable Gifts
• Simultaneous Death
• Absentees
• Marriage
• Spouse's Rights
• Premarital and Marital Agreements
• Disclaimers
• Government Claims
• Unclaimed Property
• Tax-Oriented Estate Planning
• Seeking Advice About Making a Beneficiary Designation

6. ERISA, Its Exemptions, and Other Nontax Considerations for 457 Plans

• ERISA in General
• Governmental Plans
• Church Plans
• Top-Hat Plans
• Excess Benefit Plans
• Severance and Welfare Plans
• Selected Securities and Insurance Law Issues for 457 Plans
• ERISA and Tax Consequences of Funded 457(f) Plans

7. Mergers and Acquisitions

• 457 Plan Considerations
• 403(b) Considerations
• Severance Pay and 403(b) Plan

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >