| The BenefitsLink Newsletter - Retirement Plans Edition |  |
August 15, 2001 - 12,875 subscribers
Today's sponsor: In Plain English (click)
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Removal of 25%-of-Compensation Cap in 2002 Means Some Employees Can Contribute More to 401(k) Plans
Excerpt: "Elimination of the 25 percent limit will also open some other interesting opportunities for people who start saving later in life for retirement, such as single moms and others who can't afford to save until their children are grown, and spouses of highly compensated employees." (mPower Cafe)
Analysis: IRS Amendment Deadline for GUST Nears, New Tax Law Amendments Optional
Excerpt: "[J]ust as the IRS deadline nears for plan amendments needed for the laws that Congress passed from 1994 through 2000, both the IRS and plan sponsors are faced with a new and extensive set of potential changes required by the newly enacted Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) ... In response to this flurry of activity, the IRS issued Notice 2001-42, released at the end of June, to provide some guidance about required retirement plan amendments." (Deloitte & Touche)
Opinion: Getting to the Bottom of CEO Compensation
Excerpt: "If it makes sense to dangle a pre-emptory share-price incentive in front of executives when times are good, it makes sense when times are bad. And managers aren't slaves. They'll just go work someplace else if their options are hopelessly out of the money." (CareerJournal.com)
20th Annual Small Business Survey Results Available from Dun & Bradstreet
Excerpt: "Only 17% of small businesses offer their employees retirement benefits. In this area, women-owned and home-based businesses continue to lag behind their counterparts. Among those companies providing retirement benefits, 401K and IRA/Keogh accounts are the most popular. As in past years, few companies provide childcare assistance." (Dun & Bradstreet)
Opinion: Option Gambles Are a Devil's Bargain
Excerpt: "Let's sympathize with folks in Silicon Valley who struck it rich and now find they owe more money in taxes than they actually ever pocketed. Aw gee, I'm tempted to say, maybe the New New Thing is that life is really tough ... Incentive stock options, unlike non-qualified options ... offer some tax advantages. There is no ordinary tax due on exercise of the option. Indeed, tax isn't levied until the option is sold. There is, however, the alternative minimum tax ..." (Graef Crystal, on Bloomberg.com)
Newly Posted or Renewed Job Openings (Post Yours!)
| Actuarial Analyst/DB Administrator | for Lorraine Dorsa & Associates in FL |
Newly Posted Conferences (Post Yours!)
| Introduction to ESOPs | in WA on October 24, 2001 presented by National Center for Employee Ownership |
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Copyright 2001 BenefitsLink.com, Inc., but you may freely distribute this email newsletter in whole. This newsletter is edited by David Rhett Baker, J.D.
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