Plan sponsors are overwhelmingly against a tax reform package that would eliminate orreduce the tax-preferential treatment of defined contributionretirement plans.
In a survey conducted by the Plan Sponsor Council of America, anon-profit trade group that represents the interests of employersponsors of workplace retirement plans, nearly 95 percent of 443surveyed sponsors strongly or somewhat agree that eliminating orreducing pre-tax contributions to 401(k) plans would be a “bad idea.”
Early vows by the Trump administration to make tax reform a toppriority have led to speculation that the tax treatment of workplace retirement andhealth care plans are negotiable as a way to pay for significantreductions in individual and corporate tax rates.
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