Counting participants for reporting purposes sounds simple, but rules can be tricky

August 2011
Employee Benefit News;Aug2011, Vol. 25 Issue 10, p48
The article presents the author's insights on the rules related to reporting of participants in the plan. The author says that employers who maintain qualified retirement plans are required to file an annual Form 5500 regardless of the number of plan participants. Meanwhile, he explores the guidelines on how an employer can determine who is a participant for retirement plans and welfare benefit plans. He adds that counting participants is important for qualified retirement plans.


Related Articles

  • DISTRIBUTIONS DURING A PHASED RETIREMENT.  // Practical Accountant;Jul2007, Vol. 40 Issue 7, p16 

    The article discusses the final revision of the regulation Treasury Decision 9325 concerning retirement payment. The regulation clarifies that pension plan are permitted to commence payment of retirement benefits to a participant after the participant has attained normal retirement age....

  • reporting for super. Westover, Liz // Charter;Aug2011, Vol. 82 Issue 7, p62 

    The article offers information on the required report of employer superannuation contributions in behalf of the employees annual payment summary. It notes that the reportable employer superannuation contributions (RESC) are the amounts of superannuation payments that are sacrificed in the salary...

  • Pay our members' dues. Jones, Ceri // Employee Benefits;Mar2006, p31 

    The article reports on the effects of accounting standard Financial Reporting Standard 17 on pensions landscape in Great Britain. Employers must be more vigilant when it comes to pensions contributions due to the reporting standard. Pension costs rise due to increased life expectancy and putting...

  • TAX Q&A.  // Accountancy;Sep2012, Vol. 149 Issue 1429, p48 

    The article presents guidelines for employers and employees in Great Britain about automatic enrollment into a workplace pension scheme. Some of workers affected by auto-enrollment include those not in a pension scheme at work, aged 22 or above, and under state pension age. A minimum...

  • Hands off the nation's nest egg. Taylor, Mike // Super Review;Oct2012, Vol. 26 Issue 9, p10 

    The article presents information regarding the research report released by the Association of Superannuation Funds of Australia (ASFA). It mentions that the most of the tax concessions for superannuation flows to individuals on less than top marginal tax rate. It also mentions that very less...

  • CRIMINAL SANCTIONS LOOM. Mascarenhas, Amyas // Accountancy;Dec1996, Vol. 118 Issue 1240, p120 

    The article presents information on a new Statement of Recommended Practice (SORP) for pension scheme accounts. The new SORP helps by resolving accounting issues that have arisen since its predecessor statement SORP 1. It helps by providing advice on how to meet the requirements of the...

  • Is flexible drawdown just for the wealthy? Smith, Amanda Newman // Money Marketing (Online Edition);12/19/2013, p34 

    The article reports that low take-up of flexible drawdown has raised concerns. To deter from raiding their pension funds and leaving no income for retirement, rules are in place which determine eligibility for this form of drawdown and how it is taxed. Flexible drawdown could increasingly be an...

  • Older worker changes.  // Optometry Today;9/2/2011, Vol. 51 Issue 17, p32 

    The author explores the implications of the issuance of the notification of retirement based on the default retirement age (DRA) of 65 for employers and eye practitioners in Great Britain. He believes the abolition of the DRA can be desirable, given the fact that pension age for both state and...

  • Why snuffing out the DRA too quickly may be counterproductive.  // People Management;11/25/2010, p30 

    The article reports on the concerns of the Employment Lawyers Association (ELA) about a British government consultation on how to phase out default retirement age (DRA) in Great Britain in 2010. ELA was concerned about the lack of time to develop guidance on how employers should deal with the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics