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- Title
Some Maintenance Required for Plan's Tax-Exempt Status.
- Abstract
The article presents a summary of the article "Some Maintenance Required for Plan's Tax-Exempt Status," by Julianne Palumbo, that was published in "Employee Benefit News." It reported that employers must take care to ensure that the tax-qualified status of their benefit plans is preserved. This is especially important in the cases of divorce, alienation of benefits and qualified domestic relations orders. Plan administrators must carefully review any divorce-related documents, as well as property settlements. A hold should be placed on participants' accounts as soon as plan administrators receive either oral or written notice that a QDRO will be pursued in a divorce action.
- Subjects
MARITAL status; PALUMBO, Julianne; QUALIFIED domestic relations orders; EMPLOYEE Benefit News (Periodical); CIVIL law; TAX exemption
- Publication
Benefits Quarterly, 1997, Vol 13, Issue 3, p114
- ISSN
8756-1263
- Publication type
Article