TITLE

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

AUTHOR(S)
Blassingame, Kelley M.
PUB. DATE
September 2003
SOURCE
Employee Benefit News;9/15/2003, Vol. 17 Issue 12, p55
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10819230

 

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