Section 404a

For purposes of this section any plan providing for deferred benefits other than compensation for employees their spouses or their dependents shall be treated as a plan deferring the receipt of compensation.

Section 404a. 18 march 2019 401k administration 404 a 5 participant fee disclosures. Since the law was enacted however both requirements have been postponed for smaller public companies. After all over 35 years even an innocent sounding 2 fee can consume up to half of the returns from the retirement savings you worked so hard for.

1954 of the taxpayer. In the case of such a plan for purposes of this section the determination of when an amount is includible in gross income shall be made without regard to any provisions of this chapter excluding such benefits from gross income. For purposes of subparagraph a the term prior deduction means a deduction with respect to a qualified funded plan within the meaning of section 404a f 1 of the internal revenue code of 1986 formerly i r c.

A sample of this annual assessment as filed by a small public company is as follows. Section 404 of the sarbanes oxley act requires public companies annual reports to include the company s own assessment of internal control over financial reporting and an auditor s attestation.