Updated 401 (k) rules 'make good sense' for plan sponsors

Blassingame, Kelley M.
September 2003
Employee Benefit News;9/15/2003, Vol. 17 Issue 12, p55
Reports on the proposals released by the U.S. Internal Revenue Service and the Treasury Department for administering 401(k) plans. Changes in nondiscrimination testing requirements; Ability of plan sponsors to use bottom-up leveling methods to pass average deferred percentage (ADP) and average contribution percentage tests; Concerns that employers have been making high-percentage qualified nonelective contributions to small numbers of non-highly compensated employees in order to pass ADP tests.


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