The recent “fiscal cliff” legislation, the American Taxpayer Relief Act 2012 includes a revenue raising idea for the government – more Roth conversions. The new provision would allow private company defined contribution plans (i.e., 401(k) and profit sharing plans); Section 403(b) plans for tax exempts and governmental 457(b) plans to allow plan participants to convert
Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE