The WBP trust's assets are owned by the trust, not by the employer; any use of the assets by the employer for its own benefit or for the benefit of a related entity would be a party-in-interest transaction that violates ERISA Section 406(a)(1)(D).
What does F/B stand for?
F/B stands for for the benefit
This definition appears very frequently and is found in the following Acronym Finder categories:
- Slang/chat, popular culture
See other definitions of F/B
We have 43 other meanings of F/B in our Acronym Attic
- Fuel Assembly
- Full Arc
- Force/Activity Designator
- Fighter/Attack Simulator Visual System
- F-Body (Chevy Camaro and Pontiac Firebirds)
- Feel Better
Samples in periodicals archive:
As companies develop strategic financial plans, CFOs should challenge risk management and human resources departments to develop programs that provide a solid return on investment for the benefit dollar while also meeting employees' health and productivity needs.
They can also be subject to the risk that the corporate sponsors may refuse to pay in spite of a contractual obligation, thus necessitating that the participant sue for the benefit, likely resulting in a discounted settlement.
The working groups wanted a smooth curve for the benefit buildup pattern, avoiding discontinuities that distort termination and retirement patterns.
under a trust or escrow arrangement) for the benefit of the employee, even if the benefited employee had no current actual or constructive access to such assets.
Unfortunately, in many cases, the code section itself became the blueprint for the benefit plan design.
415 in its benefit formula cannot pay for the benefit lost due to changes in Sec.