Multi-employer pension plans can be structured to provide long term death benefits. These plans are typically administered by banks or other third party providers. Requirements for a qualified plan include: The pension trust must include 10 or more participating employers, none of whom have greater than a 10% interest in the trust. Participants may face loss of benefits if they terminate their employment. Cans and losses in the trust must be allocated uniformly. No employer can control the plan. Section 419 plans may be appropriate if there is a need for life insurance, and a desire to purchase that insurance with pre-tax dollars.
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