Originally Posted by
tunes
Denny, while I agree that it could be a benefit...at the end of the day it's still your money that's contributing right? It's not company money. It's nice in the aspect of it forces you to "save" and saves on some taxes and dues but it's still your money just going from one hand to the other. I'd much rather see something company funded.
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Everything we get monetarily is company funded. This is just a single tax exemption strategy. If it’s optional and useful for those close to retirement I don’t see anything wrong with it but it has to be a 0 in both ledgers of the terms sheet. This literally costs both sides nothing. As always though the details of the plan rules matter.