Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Part of the IRS building The private letter ruling that applies directly only to that particular program, says that the plan would not cause the defined contribution plan to be treated as offering a cash or deferred arrangement. (Photo: Allison Bell/ALM)

The Internal Revenue Service has blessed a union’s proposal to create a program that combines a health reimbursement arrangement (HRA) with a defined contribution retirement plan.

The plan participants would be able to choose each year how to allocate the employer’s contributions between the HRA and the profit-sharing plan each year, according to the IRS.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.