Tax Bill Speeds Up 401(k) Vesting
- Topics:
- Stock Options
- Tags:
- 401(k),
- Retirement Plans,
- Limit,
- Investment,
- Human Resources,
- HR Web Centre,
- Financial Planning,
- Finance,
- Benefits,
- 401(k) Plan,
- ...
- Source:
- HR Web Centre
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Overview: The article says that one of the few pension reforms in the just enacted tax cut bill that will directly benefit many employees is the requirement that employer matching contributions to 401(k) plan vest more quickly. The new increases in the limits on 401(k) contributions are not likely to effect lower paid employees who generally make contributions that are way below the current limit. Meanwhile, highly paid employees are going to want to take advantage of the new limits. These employees will not be happy if they can’t take advantage of the new limits because the plan has failed discrimination tests.
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Format: HTML | Size: 41KB | Date: Jun 2001 | Pages: 1
