<p>CEO Suggests 401(k) Changes to Encourage Retirement Savings</p>

CEO Suggests 401(k) Changes to Encourage Retirement Savings

CES Inc.

At a February 6 Senate Special Committee on Aging hearing, Denis St. Peter of CES Inc. recommended changes to section 401(k) rules to “facilitate greater employee retirement savings,” such as increasing the annual deferral limits and catchup contribution and eliminating required minimum distribution beginning at age 70-1/2.

<p>At a February 6 Senate Special Committee on Aging hearing, Denis St. Peter of CES Inc. recommended changes to section 401(k) rules to “facilitate greater employee retirement savings,” such as increasing the annual deferral limits and catchup contribution and eliminating required minimum distribution beginning at age 70-1/2.</p>