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Topic: Tefra

In the News (Fri 17 Feb 12)

EXECUTIVE POWER

Iran

ANALYSIS

Pakistan

Family compact

	401(K) Plans: Encyclopedia of Small Business
		These features have been refined over the years through legislation, especially after the government realized the tax revenue losses engendered by the popular plans.
		The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) reduced maximum contribution limits that had been set by ERISA, introduced the "top heavy" concept, and revised the rules for federal income tax withholding on plan distributions.
		Most plans allowed employees to defer 1 percent to 10 percent of current compensation, but such internal limitations have been bound by compensation and contribution ceilings enumerated in TEFRA and sub-sequent legislation.
	business.enotes.com /small-business-encyclopedia/401-k-plans (2413 words)

	Advanced Plan Design
		Let's face it, retirement plan "design" has become a commodity service.
		Tax planning and the use of retirement plans as aggressive savings vehicles began a slow demise in 1984 with the passage of TEFRA in the early 80's.
		Defined benefit plans became "taboo" because of drastic funding limitations and complex rules designed to limit contributions, deductions and accumulations under tax-favored savings plans.
	www.erisa.com /Advanced.htm (222 words)

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