Kent Mason Quoted in Article Highlighting American Benefits Council Letter to Congress on use of Pension Surpluses for 401(k) Contributions with Pensions & Investments
- Published Date: May 13, 2025
- Written By: Davis & Harman
Davis & Harman Partner, Kent Mason, was recently featured in a Pensions & Investments article detailing a letter sent by the American Benefits Council to the House Ways and Means Committee and the Senate Finance Committee regarding the use of pension plan surpluses to fund 401(k) account contributions.
Under current law, employers are permitted to use pension plan assets to fund contributions into a 401(k) plan only if the pension plan has been terminated. The letter encourages lawmakers to consider a measure that would allow employers to use pension plan surplus assets to fund contributions to the 401(k) accounts of their employees without having to terminate the pension plan.
Mason is quoted saying:
“Billions of dollars of surplus are trapped right now pre-plan termination, and our proposal would allow that surplus to be used for the participants, subject to strong participant protections.”
A link to the full article can be found here.
