Treasury Report Opposes 401(k) Limits
New York Times Online (02/28/02) Vol. 16, No. 2 p.1; Gunsauley, Craig

A new Treasury Department report released Thursday reveals that one in five people with a 401(k) retirement plan has over 20 percent of the assets invested in his or her company's stock. Should Congress impose a cap on how much company stock workers can have in their accounts, the report says, there could be significant administrative issues and a potential disruption of the stock market. The study states further that arbitrary caps "fail to consider that workers make investment decisions ... in the broader context of their household's complete portfolio of retirement savings."

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