Key person insurance, Financial Accounting

For purposes of rules which apply to top heavy plans, a key employee:

1. An officer of employer earning more than $130,000;

2. An individual who owns more than 5 percent of employer;

3. An individual who owns more than 1 percent of employer and compensation greater than $150,000.

Posted Date: 8/17/2013 5:26:26 AM | Location : United States

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