Threat Of New 401(k) Limits May Upset Investment Industry

By Vidya Kauri (October 25, 2017, 10:30 PM EDT) -- News of potential limitations to the 401(k) retirement program to fund anticipated legislation in Congress to rewrite tax laws is raising the specter of structural changes for asset managers and the cottage industry of mutual fund advisers that has cropped up to recommend related investment vehicles.

U.S. House Ways and Means Committee Chairman Kevin Brady, R-Texas, said Wednesday that a planned bill to overhaul the tax code could include changes to the 401(k) program, which currently allows annual pretax contributions of $18,000 for most workers, and $24,000 for those over the age of 50 to help them catch up to adequate...

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