Here are a couple of links providing useful summaries of the various retirement plan changes in the new tax bill:http://www.universalpensions.com/alert/Alert05302001.aspandhttp://www.tagdata.com/These links (courtesy of "W401K" from the Motley Fool's "Retirement Investing" message board) give quite a few more details than I have seen in most newspapers thus far. (They are not quite as detailed as the comprehensive 200 page link in my post # 51428, but they are also 99% shorter!)Incidentally, these links seem to reinforce the tentative conclusions that I reached in post 51428, regarding maximum annual employee contributions to 403(b) and 401(k) plans. For 403(b) plans, it appears that virtually *all* employees are now allowed to contribute the full maximum dollar amount ($11K in 2002, $12K in 03, $13K in 04, $14K in 05, $15K in 06) regardless of what percent this is of their salaries (just so long as the sum of employer plus employee contributions is less than both $40K and 100% of salary, which is almost always the case).On the other hand, for 401(k) plans, in addition to the maximum dollar amount limit ($11K in 2002, and so on), it seems that there is also something called the "employer deduction limit for profit sharing plans." This has been increased from 15% to 25%. So it appears to me that in practice, many 401(k) participants will also be limited by 25% of their salaries.Mite E. Mouse
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