The Internet chat room was abuzz. You'd have thought she'd asked if her cocker spaniel could set up the plan. Then came the chorus of misinformation. In an informal survey of eight small-company CEOs, only one knew anything about how his company's plan was selected, how it worked and what the options were. The legal and linguistic intricacies of these choices can be daunting, as can the complex fee structure.
Employers can deduct their matching contributions from the company's income for tax purposes.
An editor since the age of 6, when she returned a love letter with corrections marked in red, Mary Campbell writes and edits for The University of Arizona College of Business and Public Administration and for dozens of entrepreneurs, publishers, and authors. Small Business Builder is published on Wednesdays. In an informal survey of eight small-company CEOs, only one knew anything about how his company's plan was chosen or what its options were. The Web Copyright 2000 ABC News Internet Ventures.