How often must an employer make contributions to a bona fide plan in order for it to be considered a Bona Fide Economic Benefit?
The employer must make irrevocable contributions at least quarterly directly to the bona fide plan, trust, program or fund. But if the employer makes an annual contribution, then it must escrow money at least quarterly based on its expected annual contribution to the bona fide plan, trust, program or fund.
Related Questions
- My spouse has health benefit coverage under her employer. Can I deduct the eligible expenses that are not covered by her plan under my PHSP?
- Are employer contributions to a personal pension/stakeholder plan treated as a benefit in kind?
- Can an employer design and tailor their own group medical benefit plan?
