Split-Dollar Plans and the Sarbanes-Oxley Act
Since the Sarbanes-Oxley Act’s interpretation and administration is within the jurisdiction of the Securities and Exchange Commission, the final split-dollar … Read more
Split-Dollar Life Insurance
What is Switch-Dollar?
Here is a short explanation to help you in understanding what a switch-dollar plan is. It is a hybrid plan … Read more
Is an Economic Benefit Crawl Out Viable?
An economic benefit crawl out is simply a contributory collateral assignment split-dollar arrangement in which the REB payments made by … Read more
Split-Dollar With Survivorship Rates
It is anticipated that for new plans, the IRS will provide split-dollar life insurance premium factors in addition to individual … Read more
REB Cost in a Policy
The Final Split-Dollar Regulations state that the non-owner does not receive any investment in the contract, or basis, for the … Read more
Loan Arrangement Consequences and Interest
If adequate interest (based on the Applicable Federal Rate or AFR) is charged on a loan arrangement, then Code section … Read more
Income Tax Consequences and Employers
With income tax consequences, the amount, if any, received by the employer in excess of its aggregate premiums appears not … Read more
Grandfathering Provisions for Split-Dollar Plans
The answer depends on when the grandfathering provisions parties entered into the equity split-dollar arrangement. If an employer and employee … Read more
Tax Implications of Split-Dollar Life Insurance
The tax treatment of a split-dollar arrangement depends on when the arrangement is first entered into. Generally, for split-dollar arrangements … Read more
The Requirements of Split-Dollar Life Insurance
Assuming that the arrangement is between an employer and employee, there are no nondiscrimination rules that must be met, nor … Read more