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Professional service employer plan

Opinion Letter 97-02

Pension Benefit Guaranty Corporation 97-2 December 29, 1997 RE FERENCE: [*1] 402 1(b)(13) Plans Covered. Professional Service Employer Plans OP INION: I wri te in response to your request for a reconsideration of the Pension Be nefit Guaranty Corporat ion's ("PBGC")initial dete rmination with re spect to the * * * Retirement Plan (the "Plan").

Opinion Letter 90-06

Pension Benefit Guaranty Corporation 90-6 October 31, 1990 RE FERENCE: [*1] 402 1(b)(2) Plans Covered. Government Plans.402 1(b)(9) Plans Covered. Substantial Owner Plans.>4022( b)(5)> OP INION: I write i n response to your request for a determination regarding whether the above-captioned pension plan (the"Plan") is cover ed by Title IV of the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. § §1301-14 61 (1988).You state that, fro m its inception, t he Plan covered three employees, one of whom was the 100% owner of the Plan sponsor.

Opinion Letter 88-09

Pension Benefit Guaranty Corporation 88-9 December 6, 1988 RE FERENCE: [*1] 4021 Plans Covered 4021(a) Plans Covered. Requirements of Coverage 402 1(b)(13) Plans Covered. Professional Service Employer Plans OP INION: We write in res ponse to your request for the op inion of the Pension Benefit Guaranty Corporation ("PBGC") as tothe applicat ion of the coverage provisions of Section 4021 of the Employee Retirement Security Act of 1974, as amended ("E RISA"), to a transaction you describe.

Opinion Letter 74-26

Pension Benefit Guaranty Corporation 74-26 November 14, 1974 RE FERENCE: [*1] 402 1(b)(13) Plans Covered. Professional Service Employer Plans OP INION: Th is is in further response to your recent letter. A pension plan establis hed by a professional corporation the owners of which are physi cians and which pr ovidesmedical ser vices is excluded from coverage if it has 25 or fewer active participants. Since you state that the plan inque stion has 20 covered employees, it appears that it is within the said exclusion. Steven E . Schanes Acting Executive Director

Opinion Letter 80-09

Pension Benefit Guaranty Corporation 80-9 June 9, 1980 RE FERENCE: 4021(b )(13) Plans Covered. Professional Service Employer Plans4021(c)(2)(A) Plan s Covered. Definition of Professional Service Employer402 1(c)(2)(B) Plans Covered. Definition of Professional Individuals OP INION: Th is is in response to your inquiry wheth er the above-referenced pension plan (the "Plan") is exempt from the ter mination insurance provisions of the Employee Retirement Income Security Act of 1974 (the "Act") under §4021(b)( 13) as a professional s ervice employer.

Opinion Letter 79-13

Pension Benefit Guaranty Corporation 79-13 Septembe r 28, 1979 RE FERENCE: [*1] 4021(b)(13) P lans Covered. Professional Service Employer Plans402 1(c)(2)(B) Plans Covered. Definition of Professional Individuals OP INION: This is in response to your inquiry whether the above-ref erenced pension plan (the "Plan") is exempt from the ter mination insurance pro visions of the Employee Re tirement Income Security Act of 1974 (the "Act") under §402 1(b)(13) as a professional service employer.

Opinion Letter 78-21

Pension Benefit Guaranty Corporation 78-21 Septembe r 19, 1978 RE FERENCE: [*1] 402 1(b)(13) Plans Covered. Professional Service Employer Plans OP INION: Th is is in r esponse to your inquiry whet her the above plan ("Plan") is excluded from Title IV coverage under theAct § 4021(b)(13) exclu sion of plans maintained by professional service employers. For the reasons stated herein , thisOffice concludes that the Plan is not excluded from Title IV coverage by Act § 4021(b)(13).

Opinion Letter 77-163

Pension Benefit Guaranty Corporation 77-163 Augus t 30, 1977 RE FERENCE: [*1] 4021(b)(13) P lans Covered. Professional Service Employer Plans4021(c)(2)(A) Plan s Covered. Definition of Professional Service Employer402 1(c)(2)(B) Plans Covered. Definition of Professional Individuals OP INION: Th is responds to your letter informing the Pension Benefit Guaranty Corporation (the "PBGC") that your c lient,* * * (the "Laboratory"), intends to termin ate its part icipation in * * * (the "Plan").

Opinion Letter 75-19

Pension Benefit Guaranty Corporation 75-19 Janua ry 9, 1975 RE FERENCE: [*1] 4021(b)(9) Plans Co vered. Substantial Owner Plans4021(b )(13) Plans Covered. Professional Service Employer Plans402 2(b)(6) Benefits Guaranteed. Phase-in of Guarantee for Substantial Owners OP INION: This is a confirmation of the recent telephone call to you by * * * of our staff regarding your request for aninterpr etation of certain provisions of Title IV of the Employee Retirement Income Security Act of 1974.

Opinion Letter 80-11

Pension Benefit Guaranty Corporation 80-11 June 9, 1980 RE FERENCE: 4021(b )(13) Plans Covered. Professional Service Employer Plans4021(c)(2)(A) Plan s Covered. Definition of Professional Service Employer402 1(c)(2)(B) Plans Covered. Definition of Professional Individuals404 3(b)(2) Reportable Events.

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