- 3 - Plan, a retirement plan, on January 27, 1992. The Bechtel Trust & Thrift Plan included a trust and profit-sharing account, a section 401(k) account to which Bechtel contributed funds on behalf of petitioner which he and Bechtel treated as elective deferrals of petitioner, an account comprising contributions by Bechtel that matched petitioner’s elective deferrals (the company matching account), and an after-tax thrift savings account (i.e., an account to which petitioner contributed funds on which he had paid income taxes). The following table shows petitioner’s thrift savings account contributions, earnings, losses, withdrawals, and balances: Contributions to, Earnings of, Distributions From, and Balances in Petitioner’s Thrift Savings Account Contributions (Withdrawals) Balance 1992 Contributions $1,095.98 $1,095.98 1992 Earnings 16.38 1,112.36 1993 Contributions 2,598.91 3,711.27 1993 Earnings 251.84 3,963.11 1994 1st & 2d qtrs Contributions -0- 3,963.11 1994 1st & 2d qtrs Distributions (3,963.11) -0- 1994 3d qtr Contributions 799.80 799.80 1994 3d qtr Earnings (13.76) 786.04 1994 4th qtr Contributions 3,715.53 4,501.57 1994 4th qtr Earnings (38.35) 4,463.22 1994 4th qtr Withdrawals (4,463.22) -0- 1995 Contributions -0- -0- 1995 Refund 1(52.11) -0- 1 Bechtel refunded the $52.11 loss from the thrift savings account to petitioner on Nov. 22, 1995, for reasons not apparent in the record.Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011