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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

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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