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Author: rgeist Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25240  
Subject: Re: The Real 401k Cap Date: 6/22/2001 2:44 PM
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Given the passage of the latest tax law, there is no reason anyone not deemed highly compensated ($85,000) in 2001 or an owner should not be allowed to put in as much 401(k) deferrals as possible

While I agree with much that you explain, my main point is that I do not feel it is "right" that a very significant portion of working people do not fall into this group and thus can be easily excluded from putting in as much 401(k) deferals as possible.

While many explanations have been put forth as to how/why this can occur, many seem to simply justify the practice. I just feel that the practice itself, notwithstanding the reason, is inequitable and unnecessary.

If there is no reason - well, that can and should be fixed.

Exactly.

What I am not clear on is how "can" it be fixed.
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