Deferred Compensation Lets Executives Avoid 401(k) Saving Caps

Deferred Compensation Lets Executives Avoid 401(k) Saving Caps

06/29/11

Executives with deferred compensation plans have until tomorrow to set aside part of their bonuses and save as much as 9 percent in future taxes.  In addition to the tax break, the plans let highly paid employees circumvent the $22,000 cap on contributions to 401(k) savings plans facing lower-paid workers.

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