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401k breaking glass 401(k) deferrals would be affected by a proposed tax plan, EBRI says.

House Republicans are reportedly considering a proposal to cap contributions on pre-tax, traditional 401(k)s at $2,400, according to reporting in the Wall Street Journal. Contributions above that threshold would be invested after-tax in Roth accounts, which are drawn down in retirement tax-free.

Nick Thornton

BenefitsPRO

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