Survey: Many employers may drop 401(k)s if tax advantages are cut

12/11/2012 | AdvisorOne

Any move by Congress to limit the tax advantages associated with 401(k) contributions could prompt up to half of employers to stop offering the plans, according a survey by Mathew Greenwald & Associates and the American Benefits Institute. More than 90% of respondents think that "the exclusion of 401(k) contributions from current income taxation is important to their workers' decision to contribute to the plan," and 72% of employers "think their workers contribute more than they otherwise would as a result of the exclusion," said James Klein of the American Benefits Council.

View Full Article in:

AdvisorOne

Published in Briefs: