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Optimizing Retirement Plans for Law Firms

Recent changes in the legislative and regulatory climate have made it possible and desirable to consider optimizing retirement plan contributions by combining defined benefit and defined contribution plans. But while combination plans can produce superior benefits, their designers must ensure that plans do not violate: the Internal Revenue Code rule that a plan qualified for favorable tax treatment must avoid discriminating in favor of highly compensated employees; or the requirement in the Age Discrimination in Employment Act (ADEA) that pension plans must not discriminate against employees on the basis of age. In Part One of this article, we introduce and compare some of these possibilities.

23 minute read December 01, 2003 at 02:03 PM
By
David N. Heap and Kenneth D. Klingler
Optimizing Retirement Plans for Law Firms

Recent changes in the legislative and regulatory climate have made it possible and desirable to consider optimizing retirement plan contributions by combining defined benefit and defined contribution plans. But while combination plans can produce superior benefits, their designers must ensure that plans do not violate:

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