Originally Posted by
Denny Crane
Well, to play devils advocate, one reason could be to avoid paying up to 35% on the money going in and more than likely withdrawing it in a lower tax bracket. The opener also had an ask that would there be a minimum balance in it when one retires so the company might have to add more to it to reach that minimum.
Denny
Realistically, if the company plays ball with something other than DC...big if.
They will either make it mandatory for everyone with the “min balance at retirement” or optional without balance at retirement. You can’t have an optional plan with a min balance.
They will need that DSPS cash from everybody to fund it properly.
Of course, is just my opinion. We will see when a Ta is reached.