Akron, OH. (December 17, 2012) – Tegrit Group Supports ASSPA and Save My 401k!
Congress is currently in the middle of discussions to increase federal tax revenues and reduce the budget deficit and national debt. Several proposals have been discussed that would drastically alter the benefits of participating in a 401(k) plan – some proposals would reduce the maximum amounts that could be contributed by 70%, and other proposals would change the tax benefits of employee contributions to a flat “credit” or even eliminate the tax deductibility of employee contributions altogether.
Tegrit Group believes that these proposed changes to 401(k) plans could be disastrous, seriously affecting the ability of employees to save enough for a comfortable retirement. As such, Tegrit Group is supporting efforts to let Congress know that these proposals are a bad idea for the financial well being of working Americans and the businesses that employ them.
Mike Spickard, CEO of Tegrit Group, stated.
“Tegrit Group stands behind ASPPA and many other professional organizations defending the soundness and legitimacy of 401(k) plans in America. As a service provider to over 2,000 plan sponsors and hundreds of thousands of participants, we can testify to the significant retirement wealth that many average Americans have been able to accumulate because of their ability to make meaningful contributions to their company-sponsored 401(k) plans. We urge our Congressional leaders to act responsibly and not jeopardize the ability of taxpayers to build real savings for their retirement.”
ABOUT TEGRIT GROUP
Tegrit Group is a national leader in retirement plan consulting, plan administration and technology services for public and private plan sponsors. With over 155 associates, our team includes experts in the pension industry with decades of private and public sector experience focused on delivering tools and consulting that support the culture, needs and goals of a broad based spectrum of retirement plan services. Tegrit Group provides services to more than 2,000 employers.
Locations include: Cleveland, Columbus and Akron, Ohio, as well as Livonia, Michigan, and Spartanburg, South Carolina.
For more information: www.tegritgroup.com or call 1.877.7.Tegrit (1.877.783.4748)
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