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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: brushwud who wrote (178481)	6/30/2004 10:37:55 PM
From: robert b furman	Read Replies (3) \| Respond to of 186894

Hi Brushwood, Your example is not completely possible. I am on owner of a GM dealership. My employees get 50 cents on the dollar that they defer into their retirement account up to a 4% cap of their payroll. Additionally our dealership makes annual contributions to all employees based on out profitability. The % of this contribution is calculated on what percent your income was of the entire years payroll. Higher income people take a bigger dollar part of this contribution. U.S. tax law requires that the funding cannot be skewed to just a few high paid employees.There must be a fairness distribution to the money.I'm not sure exactly what the threshold is but the distribution must be verified annually to assure that the distribution is not overly skewed to just upper echelon employees. We are a small company with annual sales of 40-50 million. Hope that helps. Bob