(redirected from for the benefit)
F/Bfor the benefit
F/BFeel Better
F/BF-Body (Chevy Camaro and Pontiac Firebirds)
F/BFriends with Benefits
References in classic literature ?
It has been the prudent policy of Congress to appease this controversy, by prevailing upon the States to make cessions to the United States for the benefit of the whole.
I doubt not the captain had this veracious picture taken for the benefit of his marines.
It is summed up in the phrase: the bourgeois is a bourgeois -- for the benefit of the working class.
The estates he had not before visited were each more picturesque than the other; the serfs everywhere seemed thriving and touchingly grateful for the benefits conferred on them.
The district court and the Sixth Circuit disagreed, declaring that, as the sole owner of the plan sponsor, he was treated as a nonemployee under DOL regulations; further, plan accounts held for the benefit of non-employees are not immune to creditors' claims.
In Spinks view, this arrangement involved the use of existing plan assets to pay off potential discrimination claims against Lockheed as an employer, thus, plan assets were used for the benefit of Lockheed, a party in interest, not plan participants, constituting a prohibited transaction with a party in interest, a per se violation of ERISA Section 406(a)(1)(D).
An exempt loan must be primarily for the benefit of the participants.
Since qualified plan contributions are typically based on a percentage of currently taxable compensation, reduction of that taxable compensation through an elective DCA may reduce contributions to the qualified plan for the benefit of that employee.
Plan two was maintained for the benefit of "outside directors," providing for benefit payments to begin after retirement or following the termination within three years after a change of control.
415 in its benefit formula cannot pay for the benefit lost due to changes in Sec.
9) Any nondiscrimination provisions applicable to a particular benefit must also be satisfied for the benefit selection to be nontaxable.
Other cases limited the ability to claim a deduction when there was a possibility of the trust assets reverting to the sponsoring corporation or when the employer had practical control over the trust' assets(28) In Anesthesia Service Medical Group,(29) a trust that accumulated funds to pay malpractice claims against employees was held to be a trust for the benefit of the employer, not the employees.