401 (k) Rules Restated With Some New Twists

The IRS last updated its regulations governing 401 (k) plans in 1994. A lot has happened since then, including enactment of catch-up contributions, the growth of automatic election plans, and numerous changes to the discrimination rules. The IRS has issued periodic guidance concerning these changes, but the basic 401(k)/401(m) regulations have not kept up.

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