Threat Of New 401(k) Limits May Upset Investment Industry
Law360, New York (October 25, 2017, 10:30 PM EDT) -- News of potential limitations to the 401(k) retirement program to fund anticipated legislation in Congress to rewrite tax laws is raising the specter of structural changes for asset managers and the cottage industry of mutual fund advisers that has cropped up to recommend related investment vehicles.
U.S. House Ways and Means Committee Chairman Kevin Brady, R-Texas, said Wednesday that a planned bill to overhaul the tax code could include changes to the 401(k) program, which currently allows annual pretax contributions of $18,000 for most workers, and $24,000 for those over the age of 50 to help them catch up to adequate...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!