http://www.plansponsor.com/MagazineArticle.aspx?id=6442461579
Intel's employees benefit because SERMA is considered to be a qualified medical benefit under the Internal Revenue Code, and so participants do not pay taxes on the proceeds. So while employees' 401(k) accounts are tax-deferred, the proceeds drawn down from SERMA accounts are tax-free.
---Steve
No comments:
Post a Comment