Top Hat Group Definition

Non-governmental 457 b Top Hat plans must limit participation to groups of highly compensated employees or groups of executives managers directors or officers.

Top hat group definition. Top Hat Employees means employees who are members of a select group of management or highly compensated employees within the meaning of Section 201 2 of ERISA. Under this exemption any nonqualified plan that is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees is exempt from the participation vesting funding and fiduciary responsibility rules of. The plan may not cover rank-and-file employees.

Advocates of ability grouping argue that the practice allows educators to customize the pace of instructional content to align better with students needs and therefore improving student achievement. Ability grouping is the practice of grouping learners together based on their strengths and talents within a learning environment. Top Hat Plan means a non-qualified deferred compensation plan for a select group of management or highly compensated employees within the meaning of Section 401 a 1 of ERISA and Section 2520104-23 d of the Department of Labor Regulations.

Sample 1 Based on 1 documents Examples of Top Hat Employees in a sentence. He meets and attempts to impress Dale Tremont Ginger Rogers to. A top-hat plan is a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees.

Top Hat Plan A plan that is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation or welfare benefits for a select group of management or highly compensated employees. Such plans are commonly referred to as top-hat plans. The starting point for the Select Group analysis is a plans language regarding purpose and eligibility.

Group Work meaning and definition learn what Group Work means and browse hundreds of other educational terms for higher learning on Top Hats education glossary. Top hat plans are plans maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees ERISA Sections 201 2 301 a 3 and 401 a 1 Plans with top hat status are exempt from the eligibility vesting funding and fiduciary rules under ERISA. Opinion 90-14A the DOL referred to the top hat group as certain individuals who by virtue of their position or compensation level have the ability to affect or substantially influence through negotiation or otherwise the design and operation of their deferred compensation plan.

Typically a top hat plan limits eligibility to participate in the plan to a select group of management or highly compensated employees designated by a committee of the board. In DOL Adv. Top Hat is a 1935 American musical screwball comedy film in which Fred Astaire plays an American tap dancer named Jerry Travers who comes to London to star in a show produced by Horace Hardwick Edward Everett Horton.