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87 documents · 0.23sAllIRCERISAPBGCJoint Board
  1. DOL Office of Administrative Law Judges — UNITED STATES DEPARTMENT OF LABOR, PENSION AND WELFARE BENEFITS ADMINISTRATION v. CINPAC, INC./LIBBY LEE TOYS, INC.
    ERISACourt RulingsMar 20, 1995
    …b), and to reduce the levied fine of $50,000 to $5,000. However, when Congress added § 502(c)(2) to ERISA, it also commented that the penalty needs to reflect the materiality of the failure. H. Conf. Rept. No. 100-495, p. 889, accompanying H.R. 3545, reprinted in 4 U.S. Cong. News 1987, pp. 2313-1635. The Respondent no…
  2. 86 FR 36598 — Special Financial Assistance by PBGC
    PBGCFinal Rules (FR)Jul 12, 2021
    …rim final rule, to request SFA for a multiemployer plan, a plan sponsor must, under section 4262 of ERISA and part 4262, file an application with PBGC. The applications for SFA must include information about the plan, plan documentation, and actuarial information. The information is necessary for PBGC to verify a plan'…
  3. ERISA § 521(g) (29 U.S.C. § 1151) — Administrative summary cease and desist orders and summary seizure orders against multiple employer welfare arrangements in financially hazardous condition
    ERISACode / StatuteJan 6, 2025related by meaning
    (g) (g) Exception This section shall not apply to any plan or arrangement that does not fall within the meaning of the term "multiple employer welfare arrangement" under section 1002(40)(A) of this title.
  4. T.C. Memo. 1998-145 — Estate of Hilda Ashman, Deceased; Phillip Ashman, Personal Representative v. Commissioner
    IRCCourt RulingsApr 22, 1998
    …pra at 758; Shook v. United States , 713 F.2d 662, 667 (11th Cir. 1983); Beltzer v. United States , 495 F.2d 211, 212 (8th Cir. 1974); Cluck v. Commissioner , 105 T.C. 324, 332 (1995). When
  5. T.C. Summary Opinion 2026-8 — Peter J. Janangelo, Jr. & Mary Ann Janangelo v. Commissioner
    IRCCourt RulingsAug 27, 2026
    …ness ); see also Boyd v. Commissioner , 122 T.C. 305, 313 (2004); Deputy v. d uPont , 308 U.S. 488, 495 (1940) (explaining that an ordinary expense is one that commonly or frequently occurs in the taxpayer’s business); Commissioner v. Heininger, 320 U.S. 467, 471 (1943) (explaining that a necessary expense is one that …
  6. Treas. Reg. § 1.401(a)(9)-6(m)(4)(i)(B) — Required minimum distributions for defined benefit plans and annuity contracts.
    IRCRegulationsSep 17, 2024
    …031 864,291 529,534 524,342 26,760 502,774 2032 819,740 512,829 507,801 27,177 485,652 2033 775,430 495,365 490,509 27,438 467,927 2034 731,620 477,286 472,606 27,853 449,433 1 $1,000,000 death benefit reduced 4.55 percent for withdrawal during 2028. 2 Notional account balance at end of preceding year (after distributi…
  7. 29 C.F.R. § 4022.23(f)(1) — Computation of maximum guaranteeable benefits.
    PBGCRegulationsJan 1, 2017
    … .061 .119 .173 .224 .273 .321 .362 .403 .444 .485 47 .062 .121 .176 .228 .278 .327 .369 .411 .453 .495 48 .063 .123 .179 .232 .283 .333 .376 .419 .462 .505 49 .064 .125 .182 .236 .288 .339 .383 .427 .471 .515 50 .065 .127 .185 .240 .293 .345 .390 .435 .480 .525 51 .066 .129 .188 .244 .298 .351 .397 .443 .489 .535 52 .…
  8. 78 FR 13781 — Filings Required of Multiple Employer Welfare Arrangements and Certain Other Related Entities
    ERISAFinal Rules (FR)Mar 1, 2013related by meaning
    ssessment of civil penalties under section 502(c)(5) of ERISA, see §§ 2570.90 through 2570.101 of this chapter. (2) Criminal penalties and procedures. For information on criminal penalties under section 519 of ERISA for persons who knowingly make false statements or false representation of fact with regards to the info…
  9. 29 T.C. 22 — Loeb v. Commissioner
    IRCCourt RulingsOct 11, 1957
    …America for insurance on the life of Glarence. On April 21,1941, Prudential issued policy number 11-495-009 in the face amount of $30,000 on tbe life of Clarence. This policy is hereinafter referred to as the Prudential policy. Bessie was the primary beneficiary of the Prudential policy and a rider attached to the poli…
  10. 85 FR 72934 — Registration Requirements for Pooled Plan Providers
    ERISAFinal Rules (FR)Nov 16, 2020related by meaning
    …. Back to Citation 29.  84 FR 37508 (July 31, 2019) (Definition of “Employer” Under Section 3(5) of ERISA—Association Retirement Plans and Other Multiple-Employer Plans); see also 83 FR28912 (June 21, 2018) (Definition of “Employer” Under Section 3(5) of ERISA—Association Health Plans). Back to Citation 30.
  11. T.C. Memo. 2023-140 — Kunjlata J. Jadhav & Jalandar Y. Jadhav v. Commissioner
    IRCCourt RulingsNov 21, 2023
    … common or frequent occurrence in the type of business involved. ” Deputy v. DuPont , 308 U.S. 488, 495 (1940) . Having carefully reviewed the record, we are doubtful that the marketing fees were ordinary and necessary . The creation of JYJ was one of the tax reduction strategies CPS had recommended i n the Plan. Pursu…
  12. PBGCCode / StatuteJan 6, 2017related by meaning
    (f)(3)(A) (A) In general .—The term "small employer" means any employer which, for the calendar year in which the transaction referred to in paragraph (1)(B) occurred and for each of the 3 preceding years, on average— (f)(3)(A)(i) (i) employs not more than 500 employees, and (f)(3)(A)(ii) (ii) is required to make contr…
  13. T.C. Memo. 2008-249 — David A. Hughes v. Commissioner
    IRCCourt RulingsNov 3, 2008
    … customary wi hin a particular trade, business, o r industry . Deputy v . du Pont , 308 U .S . 488, 495 (1940) . A n expense is necessary if it-io ' :appropriate-and helpful" for th e development of the business . 113 (1933) . Services perforied a s Welch v . Helvering , 290 U .S . 111 , an employee generall y constitu…
  14. 85 FR 10279 — Administrative Review of Agency Decisions
    PBGCFinal Rules (FR)Feb 24, 2020related by meaning
    …n. Footnotes 1.   See 44 FR 42181, 42181 (July 19, 1979). Back to Citation 2.   See section 4007 of ERISA (designated payor is defined as a contributing sponsor or plan administrator in the case of a single-employer plan). Back to Citation 3.   See 67 FR 47694, 47694 (July 22, 2002). Back to Citation 4.  Note, section …
  15. 107 T.C. No. 16 — Schmidt Baking Company, Inc. v. Commissioner
    IRCCourt RulingsNov 14, 1996
    …e employee in which the compensation or benefit is includible in gross income . [H. Conf. Rept. 100-495, 920 (1987), 1987-3 C.B. 193, 201; emphasis added.] Respondent argues that this change, coupled with the absence of any reference to funded and vested amounts, shows that the conference committee (and hence the Congr…
  16. T.C. Memo. 2016-31 — Brian M. Polowniak v. Commissioner
    IRCCourt RulingsFeb 25, 2016
    … a common or frequent occurrence in the type of business involved. Deputy v. du Pont, 308 U.S. 488, 495 (1940). To be "necessary" an expense must be "appropriate and helpful" to the taxpayer's business. Welch v. Helvering, 290 U.S. at 113. Additionally, the expenditure must be "directly connected with or pertaining to …
  17. 75 FR 9360 — Investment Advice-Participants and Beneficiaries
    ERISAProposed Rules (FR)Proposed Mar 2, 2010related by meaning
    …1.  Section 601 of the Pension Protection Act of 2006 (PPA) added sections 408(b)(14) and 408(g) of ERISA. The PPA also added parallel provisions to the Code at sections 4975(d)(17) and 4975(f)(8). Under Reorganization Plan No. 4 of 1978 (43 FR 47713, Oct. 17, 1978), 5 U.S.C. App. 1, 92 Stat. 3790, the authority of the…
  18. ERISA § 4063(d)(3) (29 U.S.C. § 1363) — Liability of substantial employer for withdrawal from single-employer plans under multiple controlled groups
    PBGCCode / StatuteJan 6, 2017related by meaning
    (d)(3) (3) treat that portion of the plan fund allocable to participants remaining in covered service as a separate plan.
  19. 81 FR 21089 — Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRAs
    ERISAFinal Rules (FR)Apr 8, 2016related by meaning
    …ntative of a registered investment adviser, bank, or registered broker-dealer. Back to Citation 3.  ERISA section 404(a). Back to Citation 4.  ERISA section 406. ERISA also prohibits certain transactions between a plan and a party in interest. Back to Citation 5.  ERISA section 409; see also ERISA section 405. Back to …
  20. U.S. Tax Court — Marlon G. Dasent & Kendra Walcott-Dasent v. Commissioner
    IRCCourt RulingsDec 13, 2018
    …f common or frequent occurrence in the type of business involved." Deputy v. du Pont, 308 U.S. 488, 495 (1940). An expense is "necessary" if it is "appropriate and helpful" to the taxpayer's business, but it need not be absolutely essential. Commissioner v. Tellier, 383 U.S. 687, 689 (1966) (quoting Welch v. Helvering,…