ERISA Bonding
Definition Requirement that applies to individuals having control or authority over the assets of plans that are subject to ERISA – or generally handle plan
Advisor Retirement Planning Resources
Tools that the financial, tax and legal advisor may use to simplify the rules and regulations that apply to tax-deferred retirement savings accounts- IRAs, Roth IRAs, employer 401(k) plans.
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Eligible Party
Definition Eligible Party means (a) A court appointed representative with authority to terminate the plan and dispose of an orphan plan’s assets; (b) In the
EFTPS ( Electronic Federal Tax Payment System )
Definition System used to electronically deposit amounts withheld for taxes with the IRS. Referring Cite TD 8723, Treas. Reg. §31.6302-1, IRS Publication 15-A, Additional Helpful
Domestic relations order (DRO)
Definition A qualified domestic relations order (QDRO) means a domestic relations order (DRO) which creates or recognizes the existence of an alternate payee’s right to
Divorce decree (divorce or separation instrument)
Definition Also referred to as a written separation agreement -Court issued document addressing the dissolution of a marriage or legal separation. The divorce decree will
Designated Private Delivery Service
Definition Designated Private Delivery Service (PDS) are private delivery services which can be used to determine if mail or payment sent to the IRS, or
Department of labor (DOL)
Definition Government owned institution, responsible for monitoring and promoting the welfare of employees and job-seekers. The DOL provides information on rules and regulations on topics,
Conservatorship
Definition Legal document issued by the court, appointing a legal guardian to handle the financial affairs of a person who is unable to handle such
Collectibles
Definition For purposes of retirement plan investments, a collectible is defined as follows: any work of art, any rug or antique any metal or gem,
Code (The Internal Revenue Code)
Definition The Internal Revenue Code, commonly referred to as the Tax Code as amended. Federal tax law begins with the Internal Revenue Code (IRC), enacted by
