IRS PLR: Qualified Plan Status Not Jeopardized by Pension Plan Health Benefit Payments for In-Service Participants (IRC §401)

The IRS has published a private letter ruling on I.R.C. §401(h), clarifying that employees who elect to receive pension plan benefits upon reaching the eligible age while still employed, qualify as “retired employees” eligible to receive medical benefits from the plan’s 401(h) account. [PLR 202551032]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.