No provision Includes additional increases in the income limits. 25 percent of compensation limit is repealed. Individuals age 50 and over can contribute an additional 50 percent of the existing plan limit. The catch up is not subject to discrimination testing. Top heavy rules substantially modified.
Employer matching contributions count toward the top heavy test.
Five-year lookback eliminated. Top heavy reforms are similar. In addition, a tax credit will be available for small business to help offset start up costs and other administrative costs related to establishing a pension plan. This provision would prevent leakage from retirement accounts.