As 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...
Read MoreIn 1996, Congress passed a law that allowed families to set aside substantial assets to pay for college education. Named after a section of the Internal Revenue Code (much like the familiar 401(k) retirement plan), the Section...
Read MoreThere is apparently a still open issue relating to qualifying for tax free distributions from a Roth 401(k). The issue arises if EGTRRA — the 2001 pension reform legislation that, among other things, created Roth 401(k)...
Read MoreThe pressure on the continued existence, of section 12b-1 fees in mutual funds continues to grow, as does the scrutiny of disclosure to fund investors. In remarks delivered to the Mutual Fund Director’s Forum on April 13, 2007,...
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