WISEGARVER WANTS RESCISSION OF NONDISCRIMINATION RULES.

SUMMARY: Paul D. Wisegarver, president of American Etching & Manufacturing, Pacoima, Calif., has urged the Service to rescind section 401(a)(4) proposed regulations, arguing that they present overly burdensome administrative problems.

Please help me get the Internal Revenue Service to rescind its 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 it provides benefits on a fair basis to our employees. Our plan has always been fair to employees and will continue to be, as long as we can afford the expenses involved with maintaining the plan.

The expenses involved in 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 company's retirement plan.

If the proposed regulations are not withdrawn, we shall have to consider very seriously whether we will be able to continue to provide retirement benefits to our employees.

Sincerely,

Please help me get the Internal Revenue Service to rescind its 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 it provides benefits on a fair basis to our employees. Our plan has always been fair to employees and will continue to be, as long as we can afford the expenses involved with maintaining the plan.

The expenses involved in 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 company's retirement plan.

If the proposed regulations are not withdrawn, we shall have to consider very seriously whether we will be able to continue to provide retirement benefits to our employees.

Sincerely,

Please help me get the Internal Revenue Service to rescind its 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 it provides benefits on a fair basis to our employees. Our plan has always been fair to employees and will continue to be, as long as we can afford the expenses involved with maintaining the plan.

The expenses involved in 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 company's retirement plan.

If the proposed regulations are not withdrawn, we shall have to consider very seriously whether we will be able to continue to provide retirement benefits to our employees.

Sincerely,