Hochheiser Deutsch & Co, Inc.
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|Testimony of EBRI President for Senate HELP Committee Hearing on Stock in 401(k) Plans (PDF)|
Employee Benefit Research Institute [EBRI]
Feb. 6, 2002
35 pages. Prepared for Senate Health, Education, Labor and Pensions committee hearing on February 7, 2002. Excerpt: EBRI estimates that 2,000 out of the estimated 340,000 401(k) plans include a matching contribution in company stock.... Although the topic of company stock investment in 401(k) plans has recently been the focus of considerable interest, the concept of preferred status for employee ownership has been part of the U.S. tax code for more than 80 years.
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