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Employers, Experts Wary of Feds’ 401(k) Tax Proposals

November 21, 2011
Related Topics: HR/Workforce Trends, Compensation Design and Communication, Retirement Planning, Benefits
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Two plans to cut the federal deficit could drastically change the tax treatment of 401(k) plans. The first, called the ‘20/20 cap,’ would limit annual 401(k) contributions to $20,000 or 20 percent of salary. The second would end tax deductions for 401(k) plans and replace them with a flat-rate refundable credit.
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