TAX 9873 Lecture Notes - Lecture 50: Deferred Compensation, Tax Bracket, S&P 500 Index
Document Summary
Probably trillion in assets in the retirement system. . 6 trillion = defined contribution = esops, 401ks. trillion in esops in the us. Public companies either frozen pensions or are getting out on terminating pensions (trying to de- risk) Middle market companies are setting up pension plans: better way to provide benefits, more money @retirement. Large companies employ 20% of people working in u. s. are eligible. Gdp= 50% s&p 500 (public companies); 50% small business. When we analyze what drives u. s. economy, it"s by small businesses. Government plans can be state/city retirement systems. Annuities= million; pension plans de-risking; buy annuities from insurance companies to offload liabilities to insurance companies. Ss total , but . 8 u. s. treasury (iou) U. s. economy only takes in - trillion/year and the liability is approximately million. In the workforce, you need a guidepost (general picture) Esops and 401ks (defined contribution plans) limit ,000 (excluding ,000 catchup) 401k limit has increased to ,500 2020.
