With EGTRRA restatement, a perfect time for plan changes

June 2008
Employee Benefit News;Jun2008, Vol. 22 Issue 8, p58
The article reports on the need to restated defined contribution plans as required by the Internal Revenue Service (IRS) under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) in the U.S. Changes in EGTRRA provisions requires employers to increase 415 maximum contribution limits and raise elective deferral limits. Changes in the provisions have the potential to make defined contribution plans more competitive.


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