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GAO Report: Private Pension Tax Incentives Update
U.S. Government Accountability Office [GAO] Link to more items from this source
Apr. 21, 2014
31 pages. "[F]rom 2009 through 2011, private-sector employers sponsored about 81,000 new pension plans, including 75,000 [DC] plans and 6,000 [DB] plans. DC plans with fewer than 100 participants accounted for about 90 percent of all new plan growth over this period.... The percentage of DC participants affected by the 2010 statutory limits and their income characteristics were similar to those reported previously for participants affected by the 2007 limits.... [A]bout 6 percent of all DC participants who contributed to their plans in 2010 were affected by the statutory limits ... Of this group: About 3 percent were under age 50 and contributed at least $16,500 (the elective deferral limit). About 3 percent were aged 50 or older and contributed at least $22,000 (the combined elective deferral and catch-up contribution limits). Another one-tenth of 1 percent of all ages contributed at or above the combined employer-participant contribution limit of $49,000." [GAO-14-334R, published Mar. 20, 2014, released Apr. 21, 2014]

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