Congress has rolled out its heavy artillery to blast away any possibility for a repeat of the Enron mess. Backed by a heavy media blitz, the proposed legislation is designed to avoid other 401(k) participants, in large and small...
Read MoreI. Overview. On January 31, 2003, the Bush Administration proposed two new tax-advantaged savings programs plus a reorganization of the defined contribution plan rules. This follows the Administration’s earlier proposal to...
Read MoreNot content to rest on his dubious laurels in having initiated last year’s Congressional action resulting in the shackling of Treasury’s attempt to promulgate its regulation proposed in 2002 to free cash balance...
Read MoreAs of December 2004, the Pension Benefit Guaranty Corp. PBGC had taken over pension plans with liabilities that exceeded assets by $23 billion. Earlier this year United Airlines increased the PBGC’s deficient by an...
Read MoreIn June, the IRS released guidance (confirming its prior position on this issue) blocking one corporate tax strategy to accelerate the deductibility of 401 (k) salary deferrals and matching contributions that are attributable to...
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