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Treasury Response to ERIC Letter on March 15 Deadline on Deferral Elections
The ERISA Industry Committee [ERIC]
[Opinion] Feb. 22, 2005
Excerpt: On February 4, ERIC, joined by the Profit Sharing/401(k) Council of America (PSCA), wrote the Treasury Department to ask for a delay in the March 15, 2005, deadline for deferral elections, especially regarding issues related to 401(k) spillover plans and 415 excess plans. As a result of recent informal discussions with a Treasury Department official, ERIC has learned that the Treasury and the Internal Revenue Service are unlikely to grant ERIC's February 4th request for an[.]
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