Section 419A(f)(6)

2.1.1           Introduction

Section 419A(f)(6) was added in 1984; creating the 10-or-more employer plan.  The promoters of these plans sold people on the idea of large tax deductions (life insurance being the most common funding vehicle).  In recent years, the Internal Revenue Service largely regulated these plans out of existence.  Evidence indicates that many of the promoters are now pushing plans purporting to comply with Section 419(e) and are doing substantially the same things that they once did.  Chances are a client will approach you for advice on one of these plans some day.

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