PLAINVIEW, NY (MMD Newswire) July 14, 2009 - - Pension expert, Brett Goldstein petitions Congress to immediately enact legislation. Goldstein is offering a solution to save 401 (k) plans, small businesses and countless jobs. He is urging Congress to enact legislation that would allow employers to suspend the top heavy requirements, while maintaining the tax-favored status of their qualified plan. He is asking Congress to allow employers to temporarily suspend the top heavy requirements for a two-year period.
"My proposal provides relief to employers affected by the economic downturn. It provides an important alternative for employers that might otherwise be compelled to terminate their 401(k) plans, in order to avoid penalties and plan disqualification for failing to make the Top Heavy Contribution. Ultimately, my plan saves small businesses and reduces layoffs," explains Brett Goldstein of The Pension Department.
Under Goldstein's plan, employers who suspend the top heavy contribution will be required to repay the contributions plus interest. The repayment of the contributions, including interest, will be paid over a 5 year period, allowing employers to recover from the recession. More details and the petition form can be found online here: www.401kpetition.com
About Brett Goldstein:
Brett Goldstein is a pension administrator and president of The Pension Department, a consultancy based in Plainview, NY. He is a speaker and media personality who specializes in providing businesses and individuals with affordable retirement planning solutions. Goldstein's timely advice and tips have been featured on Fox Business Network, Wall Street Journal Radio, Kiplingers Magazine, MarketWatch.com, New York Daily News, The Chicago Tribune and many others.
Brett Goldstein is available for interview: In the Greater New York City area; nationwide by arrangement via telephone; available for interviews in print or broadcast.
Contact information:
Brett Goldstein
The Pension Department
Phone: 516-346-2999
Email: bgoldtpa@optonline.net or 401kpetition@gmail.com
Web: www.401kpetition.com
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