MEMORANDUM OPINION
James T. Healey, plaintiff herein and a judgment lien creditor of the above-captioned debtor, objects to the discharge of Warren Meinen, said debtor and defendant herein, on several grounds. Plaintiff, in Count I of his complaint, (a) asks that the debtor be denied a discharge pursuant to 11 U.S.C. § 727(a)(5) because, according to plaintiff, the debtor has failed to explain satisfactorily why the debt- or’s interest in the terminated Millwrights’ Local Union No. 2235 Savings Fund (hereafter “Millwrights’ Plan” or “Plan”), which interest, is valued in the debtor’s Bankruptcy Schedule B at $53,968.88, is not available to satisfy the debtor’s liabilities, and (b) seeks a declaration by this Court that the debtor’s interest in the Millwrights’ Plan constitutes property of the debtor’s bankruptcy estate. Plaintiff raises Count I because the debtor asserts that the Millwrights’ Plan is an ERISA 1 qualified plan and, as such, it contains an enforceable anti-alienation clause that effectively operates to exclude the debt- or’s interest in said plan from the debtor’s bankruptcy estate pursuant to 11 U.S.C. § 541(c)(2). Plaintiff vigorously disagrees with the debtor’s characterization of the Millwrights’ Plan as an ERISA-qualified plan, primarily arguing in particular that (a) a plan, in order to be an ERISA-qualified plan, must also meet the tax qualification requirements of the Internal Revenue Code (hereafter “IRC”), and (b) the Millwrights’ Plan, for several reasons, does not meet several of the federal tax qualification requirements. The debtor now moves for summary judgment in his favor on plaintiffs Count I, while plaintiff, in addition to responding to the debtor’s motion, also cross-moves for summary judgment in his favor.
The Court notes that the contentions of both of the parties herein focus on the debtor’s interest in the terminated Millwrights’ Plan even though (a) the Millwrights’ Plan was terminated at some point in 1997, and all of the assets within the Millwrights’ Plan were distributed in 1997, see Meinen’s Affidavit, para. 6, and (b) the debtor, on August 29, 1997, elected to directly roll over all of the funds distributed to him from his interest in the Millwrights’ Plan to the Carpenters’ District Council of Western Pennsylvania Annuity and Savings Fund (hereafter “Carpenters’ Plan”). See Meinen’s Affidavit, para. 7 & Meinen’s Appendix C. 2 The Court concludes, however, that the *372 parties’ focus is correct because (a) the contents of a bankruptcy estate are established as of the commencement of a bankruptcy case, see 11 U.S.C.A. § 541(a)(1) (West 1993), which means that whether property can properly be excluded from said estate must also be determined as of said commencement, (b) the debtor filed his Chapter 7 bankruptcy petition on August 26, 1997, which is three days prior to when he rolled over to the Carpenters’ Plan those funds that he received in distribution from his interest in the Millwrights’ Plan, which means that the debtor’s funds which now reside in the Carpenters’ Plan resided in his account with the Millwrights’ Plan on the date that he filed his bankruptcy petition, and (c) therefore, whether said funds can properly be excluded from the debtor’s bankruptcy estate depends upon whether his interest in the terminated Millwrights’ Plan, as opposed to his present interest in the Carpenters’ Plan, can be excluded from said bankruptcy estate pursuant to § 541(c)(2).
Carpenters’ Combined Funds, Inc., in its capacity as Administrator of the Millwrights’ Plan (hereafter “Carpenters”), moved to intervene in the above-captioned adversary proceeding only with respect to plaintiffs Count I because it asserted that it has a direct and substantial interest in the subissue raised by plaintiff regarding the tax qualification status of the Millwrights’ Plan, which status plaintiff asserts bears upon whether the debtor’s interest in the Plan can be excluded from the debtor’s bankruptcy estate. While the Court denied Carpenters’ motion to intervene by order dated February 25, 1998, the Court, in the same order, granted Carpenters leave to file an amicus curiae brief regarding the issues raised in plaintiffs Count I “within the same time period allotted to ... [the debtor] for his response to plaintiffs brief regarding the same issue[s].” Although Carpenters has filed its amicus curiae brief, plaintiff now moves to strike said brief and an accompanying affidavit filed by Carpenters because, plaintiff asserts, (a) Carpenters filed its brief prematurely, (b) Carpenters somehow exceeded its capacity as amicus curiae by filing its supporting affidavit, -and (c) Carpenters, in its amicus curiae brief, inappropriately advocates the position which is taken by the debtor.
The Court, in this opinion, shall dispose of the parties’ dueling motions for summary judgment as to Count I of plaintiffs complaint, as well as plaintiffs motion to strike Carpenters’ amicus curiae brief. For the reasons set forth herein, the Court (a) GRANTS the debtor’s motion for summary judgment on plaintiffs Count I and DENIES WITH PREJUDICE plaintiffs similar motion, which means that (i) the debtor’s discharge shall not be denied pursuant to § 727(a)(5), and (ii) the debtor is correct in excluding his interest in the Millwrights’ Plan from his bankruptcy estate, and (b) DENIES WITH PREJUDICE plaintiffs motion to strike Carpenters’ amicus curiae brief and supporting affidavit.
STATEMENT OF FACTS
The Millwrights’ Plan, prior to its termination, covered those employees of employers who were a party (i.e., participating employers) to the collective bargaining agreement (hereafter “the Collective Bargaining Agreement”) with the Millwrights and Machinery Erectors of the United Brotherhood of Carpenters and Joiners of America Local Union No. 2235 (hereafter “the Union”). See Meinen’s Affidavit, para. 5; Plaintiffs Brief, p. 11. The Collective Bargaining Agreement required participating employers to make periodic contributions to the Millwrights’ Plan as a percentage of employees’ compensation, and such contributions needed to be made regardless of whether the participating employers operated at a profit. See Meinen’s Affidavit, para. 12; Plaintiffs Brief, p. 10.
The Plan Document for the Millwrights’ Plan, as apparently amended on September 20, 1995, with amendments made effective as of October 1, 1991, see Meinen’s Appendix D, IRS Form 5303 Application for Determination for Collectively Bargained Plan dated 9/13/95, item 3a, and apparently in effect except perhaps for pertinent termination pro *373 visions not therein contained, contains the following pertinent provisions:
(a) A clause providing that:
No benefit provided by the ... [Plan] will be subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to do so shall be void. To the maximum extent permitted by law, no such benefit shall be liable for or subject to attachment or other legal process for or against any payee.
See Meinen’s Appendix A, Millwrights’ Plan Document, Art. X, § 10.8 at 39.
(b) A designation of the Millwrights’ Plan “as a profit sharing plan under Section 401(a) of the Code.” See Id. at Art. II at 3.
(c) A statement that “[t]he primary purpose of the ... [Plan] is to encourage and assist Employees in providing-funds for old age security by supplementing monthly pensions from the Carpenters’ Pension Plan with a savings plan.” See Id.
(d)(i) An annual option to participating plan beneficiaries either to (1) withdraw employer contributions credited to their accounts for the October 1-September 30 Plan year that ended two years prior to September 30 of the immediately preceding Plan year', or (2) permit such amounts to remain in their accounts “until the severance of ... [their] employment in the industry by reason of ... [their] retirement, death, permanent withdrawal from the industry in the geographic area covered by the jurisdiction of the Union, or on April 1 of the calendar year following the calendar year of attained age seventy and one-half (70}£).” See Id. at Art. VI, § 6.7(a) at 17-18.
(ii) An option to participating plan beneficiaries to withdraw, upon application, amounts then credited to their accounts except for employer contributions made to the Plan during the two-year period preceding payment of said withdrawal, except that withdrawal of employer contributions made within the aforementioned two-year period is permitted to enable a plan beneficiary to meet a financial hardship. See Id. at Art. VI, § 6.7(e) at 18-20. The Plan provides that the following, upon an appropriate showing by the beneficiary, are the only reasons for obtaining a hardship withdrawal:
(1) Expenses for medical care described in Section 213(d) of the Code previously incurred by the Employee, the Employee’s spouse, or any dependents of the Employee or amounts necessary for these persons to obtain medical care described in Section 213(d) of the Code;
(2) Purchase (excluding mortgage payments) of a primary residence of the Employee;
(3) Tuition payment and related educational fees for the next twelve (12) months of post secondary education for the Employee or a dependent in his immediate family;
(4) The need to prevent eviction of the Employee from his principal residence or the foreclosure of the mortgage on the Employee’s principal residence; and
(5) Expenses relating to the death of a dependent in the Employee’s immediate family.
Id. at Art. VI, § 6.7(c) at 19-20.
(e)(i) A definition of the term “Employer Contributions” for Plan purposes as those “payments by the Employers to the ... [Plan] as required under the terms of collective bargaining agreements and shall be made without regard to current or accumulated profits.” See Id. at Art. IV, § 4.7 at 9.
(ii) A definition of the term “Employer” for Plan purposes as “any employer ... who has in effect a collective bargaining agreement requiring periodic contributions to the ■... [Plan].” See Id. at Art. IV, § 4.6 at 9.
On September 13, 1995, Carpenters submitted to the IRS on the IRS’ Form 5303 an application for a determination, according to Carpenters, that the Millwrights’ Plan is a tax-qualified profit-sharing plan. See Mein *374 en’s Affidavit, para. 9 & Meinen’s Appendix D. The application reflects the following:
(a) The determination requested by Carpenters regards an amendment of the Plan subsequent to the Plan’s initial qualification. The amendment was signed on September 20,1995, and was effective as of October 1, 1991. See Meinen’s Appendix D, Form 5303, line 3a.
(b) The Plan had received a determination letter prior to this application. See Id. at line 3b.
(c) Carpenters identified the Plan as a multi-employer profit-sharing plan. See Id. at lines 5b & 6.
(d) That a definite formula is used to determine employer contributions to the Plan. See Id. at line lib.
On December 14,1995, the IRS, as part of its determination process, requested that Carpenters submit to it that portion of the pertinent collective bargaining agreement which included the formulas for determining the amount and allocation of employer contributions to the Plan. See Id. Carpenters complied with this request by the IRS on December 20, 1995, see Id., after which the IRS issued a “favorable determination” letter on January 5, 1996. See Meinen’s Appendix E. The IRS, within the “favorable determination” letter, noted, inter alia, that (a) “[c]on-tinued qualification of the plan under its present form will depend on its effect in operation,” see Id., (b) “[t]his determination letter is applicable for the amendments] [to the Millwrights’ Plan] adopted on September 20, 1995,” see Id., (c) “[t]his letter is issued under Rev. Proc. 93-39 and considers the amendments required by the Tax Reform Act of 1986,” see Id., and (d) the Plan satisfies several particular discrimination tests required for tax qualification as described in the letter. See Id.
DISCUSSION
As an initial matter, the Court concludes that plaintiffs Count I does not even state an actionable basis upon which the debtor’s Chapter 7 discharge can be denied pursuant to § 727(a)(5). 11 U.S.C. § 727(a)(5) provides for denial of a discharge if “the debtor has failed to explain satisfactorily ... any loss of assets or deficiency of assets to meet the debtor’s liabilities.” 11 U.S.C.A. § 727(a)(5) (West 1993). However, the only asset at issue in plaintiffs Count I is the debtor’s interest in the Millwrights’ Plan, and plaintiff does not allege anywhere in his complaint that the debtor has lost this asset. Furthermore, the debtor has taken the position, both in his Bankruptcy Schedule B and in numerous other pleadings, that his interest in the Millwrights’ Plan is not property of his bankruptcy estate in accordance with § 541(c)(2) and, thus, said interest will not be available for distribution to creditors. By indicating the aforementioned position in writing on numerous occasions, the debtor has clearly and concisely explained to everyone, including plaintiff, the reason why his Plan interest will not be available to meet his liabilities; in fact, said explanation by the debtor is repeated by plaintiff himself in his Count I. That plaintiff disagrees with the substance of the debtor’s explanation, and even if the Court were to agree that plaintiff is correct in so disagreeing, does not mean that the debtor’s explanation is unsatisfactory. Indeed, the Court would substantially chill appropriate advocacy on behalf of many debtors if it were to conclude otherwise and simply deny debtors their discharge in the event that the Court ultimately disagrees with positions taken on their behalf. Therefore, the Court concludes that (a) the debtor has clearly and concisely explained why his Plan interest will not be available to meet his liabilities, and (b) plaintiffs Count I, as a result, does not even state a basis for denial of the debtor’s discharge pursuant to § 727(a)(5). Consequently, with respect to that part of plaintiffs Count I that seeks to deny the debtor his discharge under Chapter 7 the Court shall GRANT the debtor’s summary judgment motion and DENY WITH PREJUDICE plaintiffs similar motion.
The other relief that plaintiff seeks in his Count I is a declaration by this Court that the debtor’s interest in the Millwrights’ Plan constitutes property of the debtor’s bankruptcy estate. This relief constitutes a contested matter under Fed.R.Bankr.P. 9014 that is totally unrelated to the debtor’s discharge under Chapter 7. Although such re *375 lief should have been sought by plaintiff in a separate motion, rather than as part of the adversary complaint seeking a denial of the debtor’s discharge, the Court will proceed to entertain plaintiffs request at this time. 3 However, before proceeding further on whether the debtor’s interest in the Millwrights’ Plan constitutes property of his bankruptcy estate (i.e., whether the debtor can properly exclude said interest from the bankruptcy estate), the Court first wishes to dispose of plaintiffs motion to strike the amicus curiae brief of, and accompanying affidavit filed on behalf of, Carpenters.
I. Whether the amicus curiae brief of, and accompanying affidavit fíled on behalf of, Carpenters should be stricken?
Plaintiff moves to strike Carpenters’
ami-cus curiae
brief and supporting affidavit because, plaintiff asserts, (a) Carpenters filed its brief prematurely, (b) Carpenters somehow exceeded its capacity as
amicus curiae
by filing its supporting affidavit, and (c) Carpenters, in its
amicus curiae
brief, inappropriately advocates the position which is taken by the debtor. Before addressing each of the preceding points, the Court notes that there does not appear to be any rule or statute that is applicable within a federal district court or bankruptcy court that governs, or that even furnishes standards by which those courts can ascertain the propriety of, the participation of
amicus curiae
or the content of
amicus
briefs.
See United States v. Gotti,
With respect to the timing of Carpenters’ amicus brief, the Court rejects plaintiffs contention that Carpenters filed its amicus brief prematurely by filing said brief on July 13, 1998, which date was (a) also the date upon which the debtor moved for summary judgment, and (b) prior to when plaintiff filed his answer, cross-motion for summary judgment, affidavit, and brief in support of his summary judgment motion. Although the Court, in its February 25, 1998 order, directed Carpenters to file its amicus brief “within the same time period allotted to ... [the debtor] for his response to plaintiffs brief,” the Court’s direction failed to anticipate a pre-trial dispositive motion such as that which was ultimately filed by the debtor on July 13, 1998. Furthermore, the Court never formally set a briefing schedule with respect to plaintiff and the debtor on the issue for which Carpenters wished to file its amicus brief because of the debtor’s summary judgment motion, thereby also creating confusion for Carpenters as to its deadline for filing its amicus brief. In light of the Court’s failure to subsequently apprise Carpenters as to the aforementioned deadline, the Court holds that Carpenters was justified in, and Carpenters will thus not be penalized for, filing its brief on July 13, 1998.
The Court also holds that Carpenters was technically not premature in filing its
amicus
brief when it did in any event despite the fact that said brief preceded plaintiffs filing of his own brief on the same issue because, substantially prior to July 13, 1998, plaintiff had filed his complaint, the debtor had answered said complaint, and both parties had responded to Carpenters’ unsuccessful intervention motion. In each of these pleadings, both parties fully set forth their positions on the issue for which Carpenters wished to file its
amicus
brief, as well as the basis for said positions. Because Carpenters had obviously acquainted itself with these pleadings prior to filing its
amicus
brief, the Court cannot conclude that Carpenters was unaware of either parties’ position when Carpenters composed and filed its
amicus
brief. This particular fact serves to distinguish the instant situation from that which is presented in
Gotti
wherein the court therein found that the entity seeking to participate as
amicus
*376
curiae
was, at the time that it composed its
amicus
brief, unaware of the precise position of one of the parties.
See Gotti
Finally, the Court agrees in large part with plaintiffs view that much of the content of Carpenters’ amicus brief is contained in the debtor’s summary judgment motion, brief in support thereof, and affidavit. However, this conclusion persuades the Court that plaintiff will not be prejudiced if the amicus brief is allowed to remain on the docket, thereby dictating that said brief not be stricken at this time.
As for plaintiffs contention that Carpenters exceeded its capacity as
amicus curiae
by filing its supporting affidavit, the Court cannot agree because (a) the content of the affidavit relates solely to matters contained within Carpenters’ brief, (b) it is clear to the Court that the affidavit was only offered to assist the Court in considering Carpenters’ brief, and (c) it is solely within this Court’s discretion to determine the extent and manner of Carpenters’ participation in the instant matter as
amicus curiae, see, e.g., Alexander v. Hall,
Lastly, the Court rejects outright plaintiffs assertion that Carpenters’
amicus
brief is inappropriate because (a) Carpenters, in its brief, essentially advocates the position which is taken by the debtor, and (b) Carpenters attempts to further its own interests by submitting the brief. Courts uniformly point out that, “by the nature of things[,] an
amicus
is not normally impartial.”
Strasser v. Doorley,
Therefore, the Court holds that (a) Carpenters did not file its amicus brief prematurely, (b) Carpenters did not exceed its capacity as amicus curiae by filing its supporting affidavit, (c) the participation by Carpenters as amicus was not inappropriate even if (i) Carpenters, in its brief, essentially advocated the position taken by the debtor, and (ii) Carpenters attempted to advance its own interests by participating as amicus, and (d) Carpenters’ amicus brief and supporting affidavit need not be stricken at this time in any event since plaintiff neither has been, nor will he in the future be, prejudiced by either of them. Consequently, plaintiffs motion to strike Carpenters’ amicus curiae brief and supporting affidavit is DENIED WITH PREJUDICE.
II. Whether the debtor’s interest in the Millwrights’ Plan constitutes property of his bankruptcy estate (i.e., whether the debtor can properly exclude said interest from the bankruptcy estate)?
Whether the debtor’s interest in the Millwrights’ Plan constitutes property of his
*377
bankruptcy estate depends, in this instance, entirely upon whether the debtor can properly exclude said interest from the estate pursuant to § 541(c)(2). 11 U.S.C. § 541(c)(2) “excludes from the bankruptcy estate property of the debtor that is subject to a restriction on transfer enforceable under ‘applicable nonbankruptey law.’”
Patterson v. Shumate,
However, the parties herein dispute whether the Millwrights’ Plan is an “ERISA-qualified plan” as that term is used by the Supreme Court in Shumate. While plaintiff appears to concede, as well he should, that the Plan, at Article X, § 10.8 therein, contains an anti-alienation clause that satisfies either ERISA § 206(d)(1) 5 or IRC § 401(a)(13)(A), 6 plaintiff nevertheless contends that the Millwrights’ Plan is not an ERISA-qualified plan because, according to plaintiff, (a) a plan, in order to be an ERISA-qualified plan, must also meet the relevant tax qualification requirements of the Internal Revenue Code, and (b) the Millwrights’ Plan, for several reasons, does not meet several of the federal tax qualification requirements. The debtor and Carpenters, on the other hand, maintain that the Millwrights’ Plan is an ERISA-qualified plan because, they assert, (a) a plan need not meet federal tax qualification requirements in order to be ERISA-qualified, and (b) even if an ERISA-qualified plan must also be tax-qualified, the Millwrights’ Plan is tax qualified.
The Court ultimately concludes, as a matter of law, that the debtor’s interest in the Millwrights’ Plan may be excluded from property of the debtor’s bankruptcy estate pursuant to 11 U.S.C. § 541(c)(2) even if an ERISA-qualified plan must satisfy all of the requirements for federal tax qualification and the Plan is not tax-qualified, provided that the Plan (a) is subject to ERISA, and (b) contains an anti-alienation clause that satisfies either ERISA § 206(d)(1) or IRC § 401(a)(13)(A). Additionally, the Court concludes that the Millwrights’ Plan is actually subject to ERISA, which means that, consistent with the preceding legal conclusion, the Plan may be excluded from property of the debtor’s bankruptcy estate. Finally, the Court also concludes that the Plan was, and remains, tax-qualified, which means that (a) it is an “ERISA-qualified plan” regardless of how that phrase is defined, and (b) it may be excluded from property of the debtor’s bankruptcy estate. On the strength of the preceding conclusions, the Court will, with respect to the remaining relief sought by plaintiff in his Count I, GRANT the debt- or’s summary judgment motion and DENY WITH PREJUDICE plaintiffs similar motion. This decision by the Court is appropriate at the summary judgment stage because the Court determines that a genuine issue does not exist as to any material fact, and the debtor, given .the Court’s legal conclusions, is. entitled to judgment as a matter of law.
A. What is an “ERISA-qualifiedplan,” and must a pension plan meet the tax qualification requirements of the Internal Revenue Code in order for an interest therein to be excluded from property of the estate?
The U.S. Supreme Court in
Shumate,
as mentioned above, held that “[t]he anti-alien
*378
ation provision required for
ERISA qualification
and contained in the
[.ERISA-quali-fied
pension] Plan at issue in ...
[Shumate
] constitutes an enforceable transfer restriction for purposes of § 541(c)(2)’s exclusion of property from the bankruptcy estate.”
See Shumate,
[Pension] plans do not qualify under ERISA, at least not in the sense [that] they qualify for special treatment under the IRC. Rather, ... the plan is subject to ERISA if the plan [comports with ERISA § 3(2), 29 U.S.C. § 1002(2)].... A plan is subject to ERISA solely on the basis of the type of benefits it provides. Beyond that there is nothing under ERISA similar to the multitudinous requirements under the IRC. Accordingly, employee benefit practitioners refer to “plans subject to ERISA, ” “plans governed by ERISA,” or “ERISA plans," but they do not generally refer to “ERISA qualified” plans.
Id. (quoting Christy & Skeldon, supra p. 377, at 725) (emphasis theirs).
As a consequence of this confusion, post-
iShumate
courts cannot be certain whether the Supreme Court, by its use of the term “ERISA-qualified” plan, intended to refer to “(1) a plan [that is] subject to ERISA; (2) a plan [that is] subject to ERISA [and] which contains an anti-alienation clause; or (3) a plan that is tax qualified under I.R.C. § 401(a), subject to ERISA, and [which] has an anti-alienation provision as required by ERISA § 206(d)(1).”
Id.
Numerous post-
Shumate
courts have adopted the view that the Supreme Court, when referring to an “ERISA-qualified” plan in
Shumate,
was referring to a plan that is tax qualified under I.R.C. § 401(a), subject to ERISA, and which has an anti-alienation provision as required by ERISA § 206(d)(1).
See Hall,
This Court is aware that, “[t]o encourage compliance with ERISA, Title II of ERISA amended the Internal Revenue Code to provide tax benefits to both employers and employees.”
Hanes,
However, this Court also notes that the Supreme Court in
Shumate
expressly held that “[s]ection 206(d)(1) of ERISA ... clearly imposes a ‘restriction on the transfer’ of a debtor’s ‘beneficial interest’ in ... [a] trust,” as does “[t]he coordinate section of the ... [IRC], 26 U.S.C. § 401(a)(13).”
Shumate,
As can be seen from the two preceding paragraphs, substantial confusion exists regarding precisely what the Supreme Court had in mind when it continually referred to an “ERISA-qualified” plan in Shumate. Fortunately, however, this Court finds that it need not resolve that issue. That is because this Court holds, on the strength of those legal conclusions elucidated by the Supreme Court in Shumate and referred to in the preceding paragraph, as well as pertinent provisions of, and regulations expanding upon, ERISA, that, as a legal matter, an interest in a pension plan that is subject to, or governed by, ERISA, and which also contains an anti-alienation clause as required pursuant to ERISA § 206(d)(1), is excluded from property of a bankruptcy estate pursuant to § 541(c)(2) regardless of whether said pension plan is also tax-qualified. Furthermore, this Court can hold as it does even if it were to find that the Shumate Court, when using the phrase “ERISA-qualified” plan, actually contemplated a plan that is also tax-qualified, because, in that event, this Court could properly conclude, and then distinguish Shumate on the basis, that the Shumate Court (a) dealt with a plan that was tax-qualified, and (b) did not face the issue of, and thus necessarily did not resolve, whether a debtor can exclude from a bankruptcy estate an interest in a plan that (i) contains an anti-alienation clause as required pursuant to ERISA § 206(d)(1), (ii) is subject to ERISA, but (iii) nevertheless is not “ERISA-quali-fied.” 10 As a result, and because the Millwrights’ Plan contains an anti-alienation clause that satisfies ERISA § 206(d)(1), this Court needs only to ascertain whether the Plan is subject to, or governed by, ERISA in order to determine whether the debtor’s interest in the Plan can be excluded from property of the estate pursuant to § 541(c)(2). However, and as will be demonstrated in the last section of this opinion, the Millwrights’ Plan also meets the tax qualification requirements of IRC § 401(a) in any event, which means that the debtor’s interest in the Plan can be excluded from property of the estate pursuant to § 541(c)(2) even if the Plan must be tax-qualified for that to happen.
B. Whether the Millwrights’ Plan is subject to, or governed bg, ERISA?
Title I of ERISA
shall apply[, in its entirety,] to any employee benefit plan if it is established or maintained—
(1) by any employer engaged in commerce or in any industry or activity affecting commerce; or
(2) by any employee organization or organizations representing employees engaged in commerce or in any industry or activity affecting commerce; or
(3) byboth[,]
*381 ERISA § 4(a), 29 U.S.C.A. § 1003(a) (West 1999), and (b) if said plan is not one of the types enumerated in ERISA §§ 4(b), 201, 301, or 401, 29 U.S.C. §§ 1003(b), 1051, 1081, or 1101. See Id. The Millwrights’ Plan clearly was established and maintained by both an employer, as that term is defined in ERISA § 3(5), 29 U.S.C. § 1002(5), and an employee organization, as that term is defined under ERISA § 3(4), 29 U.S.C. § 1002(4). Additionally, the Millwrights’ Plan does not constitute one of the types enumerated in ERISA §§ 4(b), 201, 301, or 401. Therefore, the Millwrights’ Plan is subject to, or governed by, Title I of ERISA provided that it is an “employee benefit plan” as that term is defined in ERISA.
“The term ‘employee benefit plan’ or ‘plan’ means an employee welfare benefit plan or an employee pension benefit plan .... ” ERISA § 3(3), 29 U.S.C.A. § 1002(3) (West 1999). Thus, the Millwrights’ Plan is an employee benefit plan under ERISA if it is either an employee welfare benefit plan or employee pension benefit plan. Although the Millwrights’ Plan is clearly not an employee welfare benefit plan as that term is defined in ERISA § 3(1), 29 U.S.C. § 1002(1), the Court concludes that the Plan meets the definition of an employee pension benefit plan. ERISA defines
the terms “employee pension benefit plan” and “pension plan” [to] mean any plan, fund, or program which was heretofore or is hereafter established or maintained by an employer or by an employee organization, or by both, to the extent that by its express terms or as a result of surrounding circumstances such plan, fund, or program—
(i) provides retirement income to employees, or
(ii) results in a deferral of income by employees for periods extending to the termination of covered employment or beyond,
regardless of the method of calculating the contributions made to the plan, the method of calculating the benefits under the plan or the method of distributing benefits from the plan.
ERISA § 3(2)(A), 29 U.S.C.A. § 1002(2)(A) (West 1999).
The Millwrights’ Plan, by several of its express terms, both provides retirement income to employees participating in the Plan and results in a deferral of income by the same employees for periods extending to the termination of their covered employment.
See
Meinen’s Appendix A, Millwrights’ Plan Document, Art. II at 3 (expressly declaring that “[t]he primary purpose of the ... [Plan] is to encourage and assist Employees in providing funds for old age security”); Option 2 of Article VI, § 6.7(a) at 17-18 (expressly providing for a deferral of income until a participating employee’s severance of employment by reason of,
inter alia,
retirement). On the basis of these express terms, the Millwrights’ Plan is an employee pension benefit plan.
See Simpson v. Ernst & Young,
Additionally, the Court rejects outright plaintiffs argument that the Millwrights’ Plan is not subject to ERISA because the Plan is not also tax-qualified. Although the Court, for reasons that will be discussed subsequently, disagrees that the Plan is not tax-qualified, the Court concludes that the tax status of the Plan is not even relevant to whether the Plan is subject to ERISA because Title I of ERISA applies generally to both tax-qualified plans and those plans that are not tax-qualified. See 29 C.F.R. § 2530.200a-1(a) (1998); ERISA §§ 3(l)-(3), 29 U.S.C.A. §§ 1002(l)-(3) (the definitions of “employee benefit plan” or “plan,” “employee pension benefit plan” or “pension plan,” and “employee welfare benefit plan” or “welfare plan” are not, in any way, predicated upon a plan’s tax status); 6 Stand. Fed. Tax Rep. (CCH), para. 17,507.13 at 35,065 (1998) (“The[ ] substantive legal requirements [of ERISA] apply to all plans (subject to certain exceptions [not relevant herein]) whether or not they seek tax qualification”).
Therefore, the Court holds that the Millwrights’ Plan is (a) an employee pension benefit plan, (b) consequently subject to, or governed by, ERISA, and (c) also excluded from the bankruptcy estate of the instant debtor since an interest in a pension plan that is subject to, or governed by, ERISA, and which also contains an anti-alienation clause as required pursuant to ERISA § 206(d)(1), is excluded from property of the bankruptcy estate pursuant to § 541(c)(2) regardless of whether said pension plan is also tax-qualified.
III. Whether the Millwrights’ Plan is tax-qualified?
Even though the Court holds that the debtor’s interest in the terminated Millwrights’ Plan may properly be excluded from property of the debtor’s bankruptcy estate pursuant to § 541(c)(2) regardless of whether the Plan meets the IRC’s tax qualification requirements, the Court nevertheless also concludes that the Plan meets such tax qualification requirements. Helpful to the Court in drawing this particular conclusion is the fact that the IRS issued favorable determination letters for the Plan (a) on January 5, 1996, in response to Carpenters’ September 13, 1995 application for a determination by the IRS that the Plan is tax-qualified, and (b) prior to Carpenters’ September 13, 1995 application as evidenced by lines 3(a) and (b) of said application.
11
While “[w]ritten ‘determination letters’ by the IRS ... ‘may not be used or cited as precedent,’ ... they are entitled to some weighty particularly given that t]he force of letters of determination is enhanced by the limited circumstances in which the IRS issues them.”
Amato v. Western Union International, Inc.,
Plaintiff, however, contends that this Court should substantially temper its reliance upon the IRS’ determination letter of January 5, 1996, because, according to plaintiff, (a) he has identified several reasons why the Plan is not tax-qualified, and (b) the IRS’ review of the Plan that culminated in said determination letter was limited in scope and, thus, the IRS did not consider the aforementioned grounds for disqualification identified by plaintiff. Plaintiff contends that the Plan is not tax-qualified because it impermissibly provides for in-service withdrawals of benefits by employee participants since (a) the Plan, even though it is designated therein as a profit-sharing plan, is, according to plaintiff, actually a money purchase pension plan and relevant tax law provides that in-service withdrawals from a money purchase pension plan are not permitted under any circumstance, and (b) even if the Plan is a profit-sharing plan, the Plan requirements for obtaining said withdrawals are not in accordance with plaintiffs interpretation of relevant tax law. Plaintiff also asserts for the first time in his response to the debtor’s partial summary judgment motion that the Plan is not tax-qualified because (a) the Plan, contrary to plaintiffs interpretation of relevant tax law, unconditionally allows a participant to receive his or her entire account balance in the Plan upon (i) said participant’s permanent withdrawal from the industry in the geographic area covered by the jurisdiction of the Union, or (ii) termination of the Plan, and (b) in-service withdrawals from the Plan for hardship were, according to plaintiff, granted in contravention of the Plan’s hardship withdrawal provisions.
The debtor and Carpenters, on the other hand, while conceding that in-service withdrawals may not be made from a money purchase pension plan, maintain that (a) the Plan is a profit-sharing plan, (b) the Plan, because it is a profit-sharing plan, may provide for in-service withdrawals of benefits to employee participants, and (c) the Plan requirements for obtaining said withdrawals comply with relevant tax law. Because plaintiffs other objections to the Plan’s qualification status were levied after the debtor moved for, and the debtor and Carpenters filed their briefs in support of, partial summary judgment, the debtor and Carpenters did not respond to said objections. The debtor and Carpenters also did not comment upon plaintiffs contention that the IRS’ determination letter and review process were limited in scope such that the determination letter cannot be relied upon by this Court.
For reasons discussed below, the Court determines that it may appropriately and unequivocally rely on the IRS’ favorable determination letters regarding the Plan. However, the Court will first address the merits of, and ultimately reject, each of the grounds raised by plaintiff in support of his position that the Plan is not tax-qualified.
A. Whether the Millwrights’ Plan is a profít-sharing plan?
Plaintiff argues that the presence of the requirement in the Collective Bargaining Agreement that participating employers make periodic contributions to the Millwrights’ Plan as a percentage of employees’ compensation regardless of whether said employers are profitable necessarily prevents the Plan from being a profit-sharing plan. Thus, plaintiff contends that a plan cannot be a profit-sharing plan if it deprives an employer of the discretion to not make plan contributions in an unprofitable year. Plaintiff persists in making this argument notwithstanding the presence of paragraph (27)(A) of IRC § 401(a), which paragraph (a) was added to § 401(a) by amendment in 1986, (b) is entitled “Contributions need not be based on profits,” and (c) provides that “[t]he determination of whether the plan under which any contributions are made is a profit-sharing plan shall be made without regard to current or accumulated profits of the employer and without regard to whether the employer is a tax-exempt organization.” IRC § 401 (a)(27)(A) (West 1998). Plaintiff attempts to reconcile his position with the language of IRC § 401(a)(27)(A) by arguing that § 401(a)(27)(A), while it now allows a profit-sharing plan to authorize discretionary contributions by an employer even in unprofitable years, does not support a profit-sharing *384 plan provision that mandates contributions by an employer in an unprofitable year. Unfortunately for plaintiff, his position is not supported by any legal authority. More importantly, however, plaintiffs argument fails when one considers the history of legislation and regulatory authority regarding profit-sharing plans.
Prior to July 2,1956, the Internal Revenue Service’s (hereafter “the IRS”) regulations defined a profit-sharing plan as “a plan established and maintained by an employer to provide for the participation in his profits, by his employees or their beneficiaries,
based on a definite predetermined formula for determining the profits to be shared
.... ”
See
Rev. Rul. 54-51, 1954-
The IRS, on July 2, 1956, amended its regulations by removing the language “based on a definite predetermined formula for determining the profits to be shared.”
See
Rev. Proc. 56-22, 1956-
With the amendment of, and insertion of the present § 401(a)(27)(A) in, the IRC via the Tax Reform Act of 1986, an employer, for plan years beginning after December 31, 1985, can make contributions to a profit-sharing plan in excess of, or even if said employer is without, profits. See IRC § 401(a)(27)(A); H.R. Conf. Rep. No. 99-841, at 485, reprinted in 1986 U.S.C.C.A.N. 4075, *385 4573. Because an employer can now make contributions to a profit-sharing plan without any limit as to profits, and since contributions to a profit-sharing plan may still be “based on a definite predetermined formula” (although, of course, a profit-sharing plan may now provide otherwise), see Richard D. Brown, Pension and Profit Sharing Plans Distinguished, 340 PLI/Tax 7, 57-58 (1993); Diane E. Burkley & John P. MacDonald, Defined Contribution Plans, 385 PLI/Tax 177, 224 (1996); Joyce A. Mader, et al., ERISA Basics: A Primer on ERISA Issues, 1997 A.B.A. Cent. Cont. Leg. Ed., it is entirely possible as well as perfectly permissible for an employer to be required to make mandatory contributions to a profit-sharing plan even in the absence of profits. Such a funding scheme, of course, is identical to that which is legally required of a money purchase pension plan. See Treas. Reg. § 1.401—1(b)(1)(i) (contributions to a money purchase pension plan must be “fixed without being geared to profits”); Burkley & MacDonald, supra p. 384. That the funding scheme for a profit-sharing plan can now mirror that of a money purchase pension plan is evidenced by, and in fact necessitated, Congress’ simultaneous enactment, via the Tax Reform Act of 1986, of legislation that can now be found at IRC § 401(a)(27)(B). See 6 Stand. Fed. Tax Rep. (CCH), para. 17,509.03 at 35,096-97 (1998) (“The elimination of the profit requirement increases the difficulty of distinguishing a profit-sharing plan from a money purchase pension plan ...[; f]or this reason” IRC § 401(a)(27)(B) was enacted). IRC § 401(a)(27)(B) is entitled “Plan must designate type” and provides, in pertinent part, that “[i]n the case of a plan which is intended to be a money purchase pension plan or a profit-sharing plan, ... the plan [must] designate! 1 such intent at such time and in such manner as the Secretary may prescribe.” IRC § 401(a)(27)(B) (West 1998). Therefore, a plan is not prevented from being a profit-sharing plan merely because said plan deprives an employer of the discretion to not make plan contributions in an unprofitable year. Consequently, the Plan’s status as a profit-sharing plan is not impacted by the fact that the Collective Bargaining Agreement requires participating employers to make periodic contributions to the Millwrights’ Plan regardless of whether said contributions are made out of their profits. 13
Given that the Plan document contains a designation that it is a profit-sharing plan, and because the Court does not detect any legal impediment to the propriety of such designation, the Court concludes that the Plan is a profit-sharing plan. In drawing this conclusion, the Court rejects plaintiffs argument that the Plan document’s aforementioned designation does not comply "with the Secretary of the Treasury’s (hereafter “the Secretary”) prescription regarding the time at, and the manner in, which such designation must be made because the Court (a) notes that the Secretary, although entrusted with the authority to prescribe rules regarding said designation, has not yet done so, see 6 Stand. Fed. Tax Rep. (CCH), para. 17,-509.03 at 35,097 (1998), (b) concludes that plan sponsors, therefore, are left to determine for themselves what is a proper method for designating that their plan is a profit-sharing plan, and (c) concludes that the designation of the Plan as a profit-sharing plan in the Plan document is both a reasonable *386 time and manner in which to provide such a designation.
B. Whether the Plan requirements for obtaining in-service withdrawals comply with relevant tax law?
“A profit-sharing plan ... must provide a definite predetermined formula for ... distributing the funds accumulated under the plan [ (1) ] after a fixed number of years, [ (2) after] the attainment of a stated age, or [ (3) ] upon the prior occurrence of some event such as layoff, illness, disability, retirement, death, or severance of employment.” Treas. Reg. § 1.401—1(b)(1)(ii). Because many of the triggering events for distribution set forth in the aforementioned regulation can occur while a plan participant is still employed, a profit-sharing plan necessarily can provide for in-service withdrawals of accumulated benefits to employee participants. Since the Plan is a profit-sharing plan, it may, and does, provide for in-service withdrawals of benefits accumulated under the Plan. Plaintiff, however, contends that the Plan is not qualified under IRC § 401(a) because, plaintiff asserts, (a) a profit-sharing plan legally cannot, as the Plan concededly does, permit participants to unconditionally withdraw employer contributions even if said withdrawals are confined to employer contributions that were made more than two years prior to said withdrawal, and (b) the Plan provision allowing for withdrawals of employer contributions made within two years of said withdrawal on the basis of hardship is impermissibly liberal. For the i’easons set forth below, the Court must reject both of plaintiffs positions.
(i) Whether the Plan may legally permit participants to unconditionally withdraw employer contributions provided that said withdrawals are confined to employer contributions that were made more than two years prior to said withdrawal?
The Court must conclude, and thus align itself with the position of the debtor and Carpenters, that the Plan may legally permit participants to unconditionally withdraw employer contributions provided that said withdrawals are confined to employer contributions that were made more than two years prior to said withdrawal because (a) Treas. Reg. § 1.401—1(b)(1)(ii) permits a profit-sharing plan to “distributee] the funds accumulated under the [P]lan after a fixed number of years,”
Id.,
(b) such basis for distribution is independent of other reasons for distribution set forth in Treas. Reg. § 1.401—1(b)(1)(ii),
see Id.
(note the use of the word “or” rather than “and”); 6
Stand. Fed. Tax Rep.
(CCH), para. 17,509.11 at 35,097 (1998), and (c) the “fixed number of years” referred to in Treas. Reg. § 1.401—1(b)(1)(ii) is two years.
See
Rev. Rul. 71-295, 1971-
The Court notes several defects in plaintiffs position, two of which can be traced to plaintiffs misinterpretation of Revenue Ruling 71-295. While the IRS concededly held in Revenue Ruling 71-295 that a profit-sharing plan cannot permit unconditional withdrawals of employer contributions only eighteen months after their contribution,
see
Rev. Rul. 71-295,1971-
(ii) Whether the Plan provision allowing for withdrawals of employer contributions made within two years of said withdrawal on the basis of hardship is impermissibly liberal?
The Court must also conclude, and thus align itself with the position of the debtor and Carpenters, that the Plan provision allowing for withdrawals of employer contributions made within two years of said withdrawal on the basis of hardship is not impermissibly liberal because (a) Treas. Reg. § 1.401—1(b)( 1)(ii) permits a profit-sharing plan to distribute funds “upon the prior occurrence of
some event such as
layoff, illness, disability, retirement, death, or severance of employment,” Treas. Reg. § 1.401—1(b)(1)(ii) (emphasis added), (b) “the existence of bona fide hardship is an
event
within the ambit of ... [Treas. Reg. § ] 1.401—1(b)(1)(ii),” Rev. Rul. 71-224, 1971-
The Court notes several defects in plaintiffs position, at least one of which can be traced to plaintiffs misinterpretation of Revenue Ruling 71-224. Plaintiff maintains that, in order for any profit-sharing plan to be consistent with, or comply with the holding-in, Revenue Ruling 71-224, said profit-sharing plan must utilize at least as stringent a definition of the term “hardship” as was used in the plan at issue in said revenue ruling; i.e., “hardship” equals “ ‘circumstances of sufficient severity that a participant is confronted by present or impending financial ruin or his family is clearly endangered by present or impending want or privation.’ ” Rev. Rul. 71-224, 1971-
Of course, the Millwrights’ Plan’s definition of the term “hardship” must be reasonable and, in particular, reasonable enough so that it can be found to describe an event that will come within the ambit of Treas. Reg. § 1.401 — l(b)(l)(ii). However, the Court easi-
*388 ly concludes that the five “hardship” events that are enumerated within the Plan describe events that come within the ambit of Treas. Reg. § 1.401—1 (b)(1) (ii) because (a) these five events are identical to the five events (i) which are deemed to constitute hardship events in Treas. Reg. § 1.401(k)-1(d)(2), see Treas. Reg. § 1.401(k)—1(d)(2)(ii) (1988), and (ii) upon the occurrence of which an in-service withdrawal from a 401(k) profit-sharing plan may be made, see Treas. Reg. § 1.401(k)-1(d)(1)(ii), and (b) even though the hardship withdrawal provisions in Treas. Reg. § 1.401 (k)—1(d)(2) only apply to 401(k) profit-sharing plans, these hardship withdrawal provisions are “stricter than those in effect ... under Rev[enue] Rul[ing] 71-224,” T.D. 8217, 53 Fed.Reg. at 29,660, which revenue ruling, of course, applies to profit-sharing plans in general. See also Brown, supra p. 384, at 71 (“The hardship standards [for profit-sharing plans in general] were previously required to be quite succinct to avoid the constructive receipt provisions contained in ... [IRC § ] 402(a). However, the Economic Recovery Tax Act of 1981 deleted the constructive receipt rule,” which means that hardship standards for profit-sharing plans can be much less precise now.). Therefore, the Millwrights’ Plan’s hardship withdrawal provisions are not, in any sense, impermissi-bly liberal.
C. Other objections by plaintiff regarding the tax qualification status of the Millwrights’ Plan.
Plaintiff also asserts that the Plan is not tax-qualified because (a) the Plan, contrary to plaintiffs interpretation of relevant tax law, unconditionally allows a participant to receive his or her entire account balance in the Plan upon (i) said participant’s permanent withdrawal from the industry in the geographic area covered by the jurisdiction of the Union, 14 or (ii) termination of the Plan, 15 and (b) in-service withdrawals from the Plan for hardship were, according to plaintiff, granted in contravention of the Plan’s hardship withdrawal provisions. The Court concludes that plaintiff (a) is mistaken with respect to the first two assertions, and (b) cannot avoid a grant of summary judgment with respect to the third assertion.
Plaintiff errs in his assertion that the Plan is not tax-qualified because it unconditionally permits a participant to receive his or her entire account balance at the time of said participant’s permanent withdrawal from the industry since (a) Treas. Reg. § 1.401-1(b)(1)(h) permits a profit-sharing plan to distribute funds “upon the prior occurrence of some event such as[, inter alia,] ... severance of employment,” Treas. Reg. § 1.401-1(b)(1)(h) (emphasis added), and (b) such basis for distribution is independent of other reasons for distribution set forth in Treas. Reg. § 1.401—1(b)(1)(h). See Id. Plaintiff is also incorrect in asserting that the Plan cannot be tax-qualified because it unconditionally allows a participant to receive his or her entire account balance in the Plan immediately upon the Plan’s termination since (a) IRC § 401(a)(20) expressly permits such distributions, see IRC § 401(a)(20); 16 6 Stand. *389 Fed. Tax Rep. (CCH), para. 17,906.01 at 35,-500 (1998), and (b)(i) Treas. Reg. § 1.401-1(b)(1)(H) permits a profit-sharing plan to distribute funds “upon the prior occurrence of some event,” Treas. Reg. § 1.401-1(b)(1)(h), (ii) such basis for distribution is independent of other reasons for distribution set forth in Treas. Reg. § 1.401—1(b)(1)(H), see Id., and (hi) the Court concludes that the termination of a profit-sharing plan constitutes an “event” within the ambit of Treas. Reg. § 1.401 — 1(b)(1)(H).
Finally, the Court must grant partial summary judgment in favor of the debtor notwithstanding plaintiffs broad assertion that in-service withdrawals from the Plan for hardship were granted in contravention of the Plan’s own hardship withdrawal provisions because the only specific instances of such impropriety which plaintiff alleges with particularity, and for which he provides any semblance of evidence, are unconditional withdrawals (a) on account of a participant’s permanent withdrawal from the industry, (b) upon the Plan’s termination, or (c) on October 13, 1997, of all funds then in a participant’s account with the Plan that are attributable to employer contributions made before September 30, 1995.
See
Healey’s Affidavit, para. 35 & Healey’s Exhibit M. Unfortunately for plaintiff, none of these particular types of withdrawals from the Plan contravene the Plan’s hardship withdrawal provisions because they are expressly provided for by other provisions of the Plan without any necessity for a demonstration of hardship. Furthermore, none of these particular types of withdrawals negatively impact the Plan’s tax-qualification status because they are legally permissible for a tax-qualified profit-sharing plan. In particular, and as explained in the preceding paragraph and footnote 16, unconditional withdrawals on account of a Plan participant’s permanent withdrawal from the industry or the Plan’s termination are (a) specifically provided for, respectively, at Article VI, § 6.7(a)(2) and Article IX, § 9.2 of the Plan, and (b) legally permitted for a qualified profit-sharing plan pursuant to Treas. Reg. § 1.401-1(b)(1)(ii) and IRC § 401(a)(20), respectively. As for unconditional withdrawals from the Plan on October 13, 1997, of all funds then in a participant’s Plan account that are attributable to employer contributions made before September 30, 1995, an amendment of the Plan specifically provides for such withdrawals,
see
Healey’s Exhibit M, which withdrawals are legally permissible for a qualified profit-sharing plan in accordance with Treas. Reg. § 1.401-1(b)(1)(H) and Revenue Ruling 71-295.
See supra
pp. 386-87. To the extent that plaintiff, by broadly asserting that hardship withdrawals from the Plan have been made in contravention of the Plan’s own hardship withdrawal provisions, attempts to raise a factual issue regarding other instances of impropriety, he cannot withstand the debt- or’s partial summary judgment motion because said factual issue is not genuine given that (a):a factual issue is “‘genuine’ only if the evidence is such that a reasonable jury could return a verdict for the nonmoving party [i.e., plaintiff herein],”
Hankins v. Temple University,
*390 D. Whether the Court, in assessing the tax qualification status of the Plan, may appropriately rely on the IRS’ favorable determination letters regarding the Plan?
Even though the Court rejects on the merits each of plaintiffs several grounds in support of plaintiff s position that the Plan is not tax-qualified, the Court holds that it can also appropriately dispose of plaintiffs position by simply relying on the IRS’ favorable determination letters regarding the Plan because the Court concludes that the scope of the IRS’ review of the Plan, that culminated in said determination letters was not limited in the manner asserted by the plaintiff. Instead, the IRS, in the course of its review of the Plan, necessarily dealt with,
inter alia,
the qualification issues raised by plaintiff in his instant complaint. Plaintiff presumes that the IRS’ review that culminated in the favorable January 5, 1996 determination letter was solely limited in scope to the Plan’s satisfaction of nondiscrimination qualification requirements imposed by legislation collectively referred to as the Tax Reform Act of 1986 (hereafter “TRA”) because (a) the IRS, in the January 5, 1996 determination letter itself, stated that said “letter is issued under Rev[enue] Proe[edure] 93-39 and considers the amendments required by ... [TRA],”
see
Meinen’s Appendix E, and (b) several portions of Revenue Procedure 93-39 explain that applications for determination letters filed on or after October 12, 1993, will be reviewed by the IRS for compliance with the form and nonform requirements of TRA.
See
Rev. Proc. 93-39, 1993-
[R]evenue Procedure [93-39] provides supplemental instructions [pertaining to the nondiscrimination qualification requirements imposed by TRA] regarding applications for determination letters on the qualified status of pension, profit sharing, and annuity plans under section 401(a) and 403(a) of the Code that are filed with the Service on or after October 12, 1993.... The general instructions in Revfenue] Procedure] 93-6 (as modified herein) also continue to apply to all determination letter requests.
Rev. Proc. 93-39, 1993-
“Rev[enue] Procedure] 93-6 contains the general procedures of the Service pertaining to the issuance of determination letters on the qualification of pension, profit-sharing, stock bonus, and annuity plans.” Rev. Proc. 93-39, 1993-
Therefore, determination letters by the IRS that are issued under Revenue Procedure 93-39, as well as the reviews by the IRS *391 that culminate in such letters, are not confined in scope to merely the nondiscrimination qualification requirements imposed by TRA. Instead, such letters and their corresponding reviews touch upon, inter alia, all form requirements necessary for qualification under IRC § 401(a). Among the form requirements necessary for qualification under IRC § 401(a) are (a) the threshold requirement that a plan constitute either a stock bonus, pension, or profit-sharing plan, see IRC § 401(a) (flush language preceding paragraph 1), and (b) distribution schemes that satisfy Treasury Regulation § 1.401-1(b)(1)(ii) before a plan can constitute a profit-sharing plan. Consequently, the IRS, by issuing favorable determination letters regarding the Plan, necessarily confirmed that the Plan’s (a) characterization and designation of itself as a profit-sharing plan was appropriate, and (b) in-service withdrawal provisions satisfy Treasury Regulation § 1.401—1(b)(1)(ii).
To be accurate, the Court points out that it technically is not relying only on the favorable determination letter issued by the IRS on January 5, 1996, because (a) that letter pertains to Carpenters’ September 13, 1995 application, (b) said application only requests a determination by the IRS regarding an amendment to the Plan subsequent to the Plan’s initial qualification, (c) “[djetermination letters issued on amendments to plans and trusts under ... [R]evenue [Procedure [93-6] will merely express an opinion whether the amendment, in and of itself, affects the existing status of the plan’s qualification and the exempt status of the related trust,” Rev. Proc. 93-6, 1993-
The Court concurs with plaintiff that the Court must temper its reliance upon the Plan’s favorable determination letters to the extent that (a) Carpenters[, in its quest to obtain determination letters from the IRS,] has “[f]ail[ed] to disclose a material fact or misrepresented] ... a material fact,” Rev. Proc. 93-6, 1993-
*392 Because the Court need not temper in any manner its reliance upon the Plan’s favorable determination letters, and since it is appropriate for the Court to accord substantial deference to said determination letters, the Court concludes, on the strength of said letters, that the Plan was, and remains, tax-qualified as a profit-sharing plan pursuant to IRC § 401(a). 20
CONCLUSION
With respect to that part of plaintiffs Count I that, pursuant to § 727(a)(5), seeks to deny the debtor his discharge under Chapter 7 the Court GRANTS the debtor’s summary judgment motion and DENIES WITH PREJUDICE plaintiffs similar motion because plaintiffs Count I fails to even state a basis for denial of the debtor’s discharge.
Plaintiffs motion to strike Carpenters’ amicus curiae brief and supporting affidavit is DENIED WITH PREJUDICE because (a)Carpenters did not file its amicus brief prematurely, (b) Carpenters did not exceed its capacity as amicus curiae by filing its supporting affidavit, (e) the participation by Carpenters as amicus was not inappropriate even if (i) Carpenters, in its brief, essentially advocated the position taken by the debtor, and (ii) Carpenters attempted to advance its own interests by participating as amicus, and (d) plaintiff neither has been, nor will be in the future be, prejudiced by Carpenters’ amicus brief and supporting affidavit.
With respect to the remaining relief sought by plaintiff in his Count I the Court will GRANT the debtor’s summary judgment motion and DENY WITH PREJUDICE plaintiffs similar motion. The following conclusions by the Court are crucial to the latter decision:
(a) The debtor’s interest in the Millwrights’ Plan, as a matter of law, may be excluded from property of the debt- or’s bankruptcy estate pursuant to 11 U.S.C. § 541(c)(2) even if an ERISA-qualified plan must satisfy all of the requirements for federal tax qualification and the Plan is not tax-qualified, provided that the Plan (a) is subject to ERISA, and (b) contains an anti-alienation clause that satisfies either ERISA § 206(d)(1) or IRC § 401(a)(13)(A).
(b) The Millwrights’ Plan is actually subject to ERISA, which means that, consistent with the preceding legal conclusion, the Plan may be excluded from property of the debtor’s bankruptcy estate.
(c) The Plan was, and remains, tax-qualified, which means that (a) it is an “ERISA-qualified plan” regardless of how that phrase is defined, and (b) it may be excluded from property of the debtor’s bankruptcy estate.
This decision by the Court is appropriate at the summary judgment stage because the Court determines that a genuine issue does not exist as to any material fact, and the debtor, given the Court’s legal conclusions, is entitled to judgment as a matter of law. An appropriate order will be entered.
ORDER OF COURT
AND NOW, this 30th day of December, 1998, upon consideration of (a) Count I of plaintiffs complaint, wherein plaintiff (i) asks that the debtor be denied a discharge pursuant to 11 U.S.C. § 727(a)(5) because, plaintiff asserts, the debtor has failed to explain satisfactorily why the debtor’s interest in the *393 terminated Millwrights’ Local Union No. 2235 Savings Fund (hereafter “Millwrights’ Plan” or “Plan”) is not available to satisfy the debtor’s liabilities, and (ii) seeks a declaration by this Court that the debtor’s interest in the Millwrights’ Plan constitutes property of the debtor’s bankruptcy estate, (b) the debtor’s answer to plaintiffs complaint, (c) the parties’ motions for summary judgment as to Count I of plaintiffs complaint, as well as their responses thereto, (d) the parties’ briefs, affidavits, and supporting exhibits with respect to the summary judgment motions, (e) the amicus curiae brief of Carpenters’ Combined Funds, Inc., who is the Administrator of the Millwrights’ Plan (hereafter “Carpenters”), which brief dealt solely with the issues raised in plaintiffs Count I, and (f) plaintiffs motion to strike Carpenters’ amicus curiae brief and supporting affidavit; and subsequent to a status conference on the matter held on May 12,1998, at which time the Court, upon the suggestion of the parties, invited dispositive motions regarding plaintiffs complaint; and in accordance with the accompanying memorandum opinion of this Court dated December 30, 1998, it is hereby ORDERED, ADJUDGED, AND DECREED that:
1. The debtor’s summary judgment motion is GRANTED and plaintiffs similar motion is DENIED WITH PREJUDICE with respect to that part of plaintiffs Count I that, pursuant to § 727(a)(5), seeks to deny the debtor his discharge under Chapter 7 because plaintiffs Count I fails to even state a basis for denial of the debtor’s discharge.
2. Plaintiffs motion to strike Carpenters’ amicus curiae brief and supporting affidavit is DENIED WITH PREJUDICE because (a) Carpenters did not file its amicus brief prematurely, (b) Carpenters did not exceed its capacity as amicus curiae by filing its supporting affidavit, (c) the participation by Carpenters as amicus was not inappropriate even if (i) Carpenters, in its brief, essentially advocated the position taken by the debtor, and (ii) Carpenters attempted to advance its own interests by participating as amicus, and (d) plaintiff neither has been, nor will he in the future be, prejudiced by Carpenters’ amicus brief and supporting affidavit.
3. The debtor’s summary judgment motion is GRANTED and plaintiffs similar motion is DENIED WITH PREJUDICE with respect to the remaining relief sought by plaintiff in his Count I because:
(a) The debtor’s interest in the Millwrights’ Plan, as a matter of law, may be excluded from property of the debtor’s bankruptcy estate pursuant to 11 U.S.C. § 541(c)(2) even if an ERISA-qualified plan must satisfy all of the requirements for federal tax qualification and the Plan is not tax-qualified, provided that the Plan (a) is subject to ERISA, and (b) contains an anti-alienation clause that satisfies either ERISA § 206(d)(1) or IRC § 401(a)(13)(A).
(b) The Millwrights’ Plan is actually subject to ERISA, which means that, consistent with the preceding legal conclusion, the Plan may be excluded from property of the debtor’s bankruptcy estate.
(c) The Plan was, and remains, tax-qualified, which means that (a) it is an “ERISA-qualified plan” regardless of how that phrase is defined, and (b) it may be excluded from property of the debtor’s bankruptcy estate.
4. The Court’s decision is appropriate at the summary judgment stage because a genuine issue does not exist as to any material fact, and the debtor, given the Court’s legal conclusions, is entitled to judgment as a matter of law.
IN SUMMARY, the Court (a) GRANTS the debtor’s motion for summary judgment on plaintiffs Count I and DENIES WITH PREJUDICE plaintiffs similar motion, which means that (i) the debtor’s discharge shall not be denied pursuant to § 727(a)(5), and (ii) the debtor is correct in excluding his interest in the Millwrights’ Plan from his bankruptcy estate, and (b) DENIES WITH PREJUDICE plaintiffs motion to strike Carpenters’ amicus curiae brief and supporting affidavit.
Notes
. ERISA stands for the Employee Retirement Income Security Act of 1974, which is codified at 29 U.S.C. §§ 1001-1461.
. Plaintiff does not appear to dispute that the Millwrights’ Plan was terminated in 1997 and that the debtor rolled over distributed funds to another plan. Both of these facts are consistent with the contents of a letter dated July 30, 1997, which plaintiff concedes he received, wherein the Board of Trustees for the Millwrights' Plan informed plan participants that (a) said plan would ultimately be terminated hy, most likely, some time prior to December 31, 1997, and (b) they could exercise several options with respect to any funds that they had remaining in said plan. See *372 Healey's Affidavit, para. 35 & Healey's Exhibit M.
. The Court is certain that the Chapter 7 trustee has standing to pursue the declaratory relief which plaintiff presently seeks in the instant adversary proceeding. However, the Court is uncertain, and thus will presume only for the purpose of this particular matter, that plaintiff also possesses standing to pursue said declaratory relief.
. The content of paragraphs 14-16 of Carpenters' affidavit appears to be relevant to Carpenters' motion to intervene in this adversary proceeding, which is neither here nor there since said motion has already been decided adversely to Carpenters.
. ERISA § 206(d)(1) provides that "[e]ach pénsion plan shall provide that benefits provided under the plan may not be assigned or alienated." ERISA § 206(d)(1), 29 U.S.C.A. § 1056(d)(1) (West 1999).
. IRC § 401(a)(13)(A) provides, in pertinent part, that "[a] trust shall not constitute a qualified trust under this section unless the plan of which such trust is a part provides that benefits provided under the plan may not be assigned or alienated.” IRC § 401(a)(13)(A) (West 1998).
. For example, several of the Circuit Courts of Appeal in the cases cited at note 20 of
In re Hall,
by utilizing language such as "ERISA qualified,” may have intended to refer to plans that both are subject to ERISA and are tax-qualified.
See Hall,
. When courts and commentators state that a plan is subject to, or governed by, ERISA what they are generally, if not uniformly, referring to is Title I of ERISA in particular. That is because Title I contains the bulk of the provisions which provide protection for employees' benefit rights (indeed, Title I is so captioned), while Titles II-IV deal with, respectively, amendments to the IRC, jurisdictional and administrative matters, and federal plan termination insurance via the Pension Benefit Guaranty Corporation. Therefore, this Court henceforth intends to refer solely to Title I of ERISA when it states, or uses language to the effect, that a plan is subject to, or governed by, ERISA.
. Another explanation as to why the
Shumate
Court may have continually referred to an "ERISA-qualified” plan without necessarily intending to declare that, henceforth, only interests in plans that are both tax-qualified and subject to ERISA may be excluded pursuant to § 541(c)(2), is simply that the plan at issue in
Shumate
was tax-qualified, see
Shumate,
. This Court disagrees with plaintiff that the Third Circuit would rule, either in this case or in any subsequent case, that an interest in a pension plan that is subject to, or governed by, ERISA, and which also contains an anti-alienation clause as required pursuant to ERISA § 206(d)(1), must also be tax-qualified in order for it to be excluded from property of a bankruptcy estate pursuant to § 541(c)(2). This Court's conviction in this regard is not affected in the slightest by the chance that the Third Circuit in
Velis v. Kardanis,
. The Court concludes that the determination letter received by the Plan prior to Carpenters’ September 13, 1995 application must have been favorable because, according to line 3a in said application, the Plan now seeks a favorable determination for an amendment after the Plan’s initial qualification. The Court can safely presume that the prior determination letter, or prior determination letters, confirmed the Plan’s initial qualification.
. The Court also points out that, if a profit-sharing plan could not potentially require mandatory annual contributions from an employer, then the IRS would not have needed to insert the statement in Treas. Reg. § 1.401 — 1 (b)(2) that, "[i]n the case of a profit-sharing plan[J ... it is not necessary that the employer contribute every year or that he contribute the same amount or contribute in accordance with the same ratio every year.” Treas. Reg. § 1.401 — 1(b)(2) (emphasis added). Thus, this particular regulatory provision implies that a profit-sharing plan potentially can require mandatory annual contributions from an employer.
. Plaintiff also argues that the Millwrights’ Plan cannot be a profit-sharing plan because (a) the Plan is sponsored by multiple employers, and (b) IRC § 401(a)(27)(A) refers to "employer” in the singular, which, according to plaintiff, evidences an intent that plans/trusls created pursuant to collective bargaining agreements and which involve more than one employer cannot constitute profit-sharing plans. The Court rejects this argument summarily and cites as support for its decision (a) IRC § 401(i), which section (i) specifically evidences an intent for the provisions of IRC § 401(a) to apply to multi-employer plans, and (ii) does not preclude multi-employer plans from being profit-sharing plans, see IRC § 401(i) (West 1998), and (b) Treas. Reg. § 1.401-1(d), which regulation (i) is entitled "Plan of several employers,” and (ii) provides that "[a] trust forming part of a plan of several employers for their employees will be qualified if all the requirements [set forth elsewhere] are otherwise satisfied.” Treas. Reg. § 1.401—1(d). See also 6 Stand. Fed. Tax Rep. (CCH), para. 17,513.02 at 35,115 (1998) ("The fact that Code Sec. 401(a) speaks of a plan 'of an employer’ is not to be taken literally. The Code does not require that each plan be sponsored only by a single employer.”).
.Plaintiff, in both his response to the debtor’s partial summary judgment motion and paragraph 34 of his affidavit, raises the issue of whether it is permissible for a Union employee to resign from the Union and, as a consequence, receive immediate payment of his or her entire account balance in the Plan. Because resignation is essentially defined at § 47(B) of the Union's International Constitution as a Union employee's withdrawal from the industry, see Healey's Affidavit, para. 34 & Healey’s Exhibit L, and since the Plan provides for immediate payment of a participant's Plan account balance without condition upon said participant's permanent withdrawal from the industry in the geographic area covered by the jurisdiction of the Union, see Meinen's Appendix A, Millwrights’ Plan Document, Art. VI, § 6.7(a)(2) at 18, the Court rephrases this particular issue as whether such Plan withdrawal provision precludes the Plan from being tax-qualified.
. See Meinen's Appendix A, Millwrights’ Plan Document, Art. IX, § 9.2 at 37, which expressly provides for such a distribution without any other condition.
. IRC § 401(a)(20) provides, in pertinent part, that:
A trust forming part of a pension plan shall not be treated as failing to constitute a qualified trust under ... [IRC § 401 (a) ] merely because the pension plan of which such trust is a part makes 1 or more distributions within 1 taxable year to a distributee on account of a termination of the plan of which the trust is a part, or in the case of a profit-sharing or stock bonus *389 plan, a complete discontinuance of contributions under such plan.
IRC § 401(a)(20) (West 1998) (emphasis added).
. The Court notes that, even if it were to accept any of the myriad of arguments that plaintiff has advanced in support of his contention that the Millwrights’ Plan does not presently satisfy certain of the IRC's tax qualification requirements, the Court still could not summarily ''disqualify” said Plan for to do so “would result in [a] violation of the [instant d]ebtor[’]s[ ] rights to procedural due process.”
Copulos,
. Revenue Procedure 93-6 was updated and superseded by Revenue Procedure 94-6, which in turn has since been updated and superseded by Revenue Procedures 95-6, 96-6, 97-6, and 98-6.
. See supra p. 382 & n. 11.
. Because the Court concludes that the Millwrights' Plan was, and remains, tax-qualified as a profit-sharing plan pursuant to IRC § 401(a), the Court need not address whether plaintiff has standing to challenge the Plan’s tax qualification. The Court recognizes that plaintiff appears to possess such standing pursuant to IRC § 7476(b)(1), which grants such standing to "an employee who ... [is] an interested party for purposes of pursuing administrative remedies within the Internal Revenue Service.” IRC § 7476(b)(1) (West 1989). However, the Court queries, without deciding, whether IRC § 7476(b)(1) confers such standing upon plaintiff in the instant matter since plaintiff raises his challenge to the Plan's tax qualification not as an employee but rather as a creditor within a bankruptcy case.
See Foy,