Though not nearly as profound as ERISA in its impact on qualified retirement plans, another piece of legislation has nonetheless done its share to affect qualified plans. The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) is more widely known for its impact on federal income and estate taxes, but its wide scope also covered qualified retirement plans.
EGTRRA significantly expanded contribution limits for all forms of qualified retirement plans, both defined contribution and defined benefit. Even IRA contribution limits were increased with EGTRRA.
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