A flat tax would harm to private pension system

Article Abstract:

Flat tax proposals will negatively affect the private pension system. The replacement of the existing federal individual income tax with a consumption tax, for instance, would give taxpayers access to super individual retirement accounts with no limits on contributions and withdrawals. The implementation of a general business tax would eliminate the tax advantages of benefit plan contributions while eliminating special treatments for employee benefits would eliminate the advantages of employer-sponsored retirement plans.

Evaluation, Pensions, Tax policy, Flat tax

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Is daily valuation right for your organization?

Article Abstract:

Plan sponsors must consider several factors before employing daily valuation. The organizational culture, business objectives and needs of the employees must first be determined. True fund-share accounting and unit-value accounting are two basic ways to account for participant balances with daily valuation. Unit-value accounting is usually used because accruals are allowed and smoothens out complexities in accounting under daily valuation. Investment education must be communicated properly to participants.

Usage, Accounting and auditing, Valuation

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