Seyfarth Shaw Discusses Final Catch-Up Contribution Regulations

Seyfarth Shaw publishes its analysis of the final catch-up contribution regulations in this article entitled: “http://www.seyfarth.com/db30/cgi-bin/pubs/071103%20Catchup%20Rules.pdf”>Final Catch-up Contribution Regulations Exempt Union Plans..” The article discusses how the most important change in the regulations is that the “universal availability” requirement no longer applies to union employees covered by a collectively bargained agreement. What this means is that an employer can provide catch-up contributions for all of its non-union employees without being required to offer catch-up contributions to its union employees.