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Statement from EBRI in Response to President Obama's Retirement Plan Proposals (PDF)
Employee Benefit Research Institute [EBRI]
[Opinion] Jan. 29, 2014
"EBRI has no comment on the president's most recent retirement proposals because there is not yet enough detail about them to conduct an informed analysis. Without more specifics, EBRI will not speculate about possible effects of the plan. In his speech, the president did refer to 'an upside-down tax code that gives big tax breaks to help the wealthy save, but does little to nothing for middle-class Americans.' EBRI has conducted analysis of the tax preferences for 401(k) plans, and concluded that, after controlling for age and tenure, 'actual 401(k) account balances are found to be, in large part, proportionate with compensation levels[.]'"
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