CALIFORNIA PLASTIC SURGEON THREATENS TO DROP RETIREMENT PLAN IF NONDISCRIMINATION REGULATIONS ARE NOT RESCINDED.

SUMMARY: Dr. Brian D. Brantner, M.D., a plastic surgeon from Ventura, Calif., has joined the letter-writing campaign of those threatening to terminate existing retirement plans unless the proposed nondiscrimination regulations are rescinded.

I would like to enlist your support to help persuade the Internal Revenue Service to rescind the proposed regulations concerning section 401(a)(4) of the Internal Revenue Code.

The proposed regulations will require my qualified retirement plan and many others to incur heavy expenses, testing our plan to make sure that it provides benefits on a fair basis to our employees. Our plan has always been fair to the employees and will continue to be, as long as we can afford the expenses involved with maintaining the plan.

The expenses involved with testing to prove we comply with these proposed regulations will run into thousands of dollars each year and add another unnecessary burden to the maintenance of my corporate retirement plan.

if the proposed regulations are not withdrawn, I will have to consider very seriously whether or not I can continue to provide the retirement benefits that I now provide to our employees.

Sincerely,