Plan Features/Benefits | - Benefits are primarily pay related
- Benefits are primarily flat dollar (includes dollars per year of service)
- Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
- Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
- Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
- Code section 414(k) arrangement - Benefits are based partly on the balance of the separate account of the participant (also include appropriate defined contribution pension feature codes).
- Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
- Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
- Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
- Health (other than dental or vision)
- Life insurance
- Supplemental unemployment
- Dental
- Vision
- Temporary disability (accident and sickness)
- Prepaid legal
- Long-term disability cover
- Severance pay
- Apprenticeship and training
- Scholarship (funded)
- Death benefits (include travel accident but not life insurance)
- Taft-Hartley Financial Assistance for Employees Housing Expenses
- Other welfare benefit cover
- Unfunded, fully insured, or combination unfunded/insured welfare plan that will not file a Form 5500 for next plan year pursuant to 29 CFR 2520.104-20.
- Unfunded, fully insured, or combination unfunded/insured welfare plan that stopped filing form 5500s in an earlier plan year pursuant to 29 CFR 2520.104-20.
- 10 or more employer plan under Code section 419A(f)(6).
- Collectively bargained welfare benefit arrangement under Code section 419A(f)(5).
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