NEWS
Employer Deduction Limits
The following changes increase the deduction limits for contributions to the plan:
Excludes elective deferrals fromthe employer's deduction limit by providing that elective deferrals are no longer considered to be employer contributions for deduction limit purposes.
Increases the deduction limit for profit sharing and stock bonus plans to 25% of aggregate employees' pay.
Changes the definition of compensation to include elective deferrals.
