BenefitsLink Message Boards > Forfeitures and 415

BenefitsLink Message Boards > Retirement Plans > Employee Stock Ownership Plans (ESOPs)

Jerry

Jul 15 2003, 08:58 AM

For 415 annual addition purposes, how are reallocated forfeitures valued in a leveraged S-Corp ESOP? Lower of Cost or Market? Fair Market Value?

RLL

Jul 15 2003, 11:46 AM

Hi Jerry ---

For purposes of IRC section 415©(2)©, reallocated forfeitures of employer stock are calculated based on the fair market value of the shares as of the allocation date.

This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.