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Fund Industry Ready to Battle Changes to 401(k) Tax Treatment

Rothification would require people to fund 401(k)s or IRAs with after-tax earnings.

By Miles Weiss, Bloomberg | Updated on October 23, 2017

Big money managers, already on guard to protect one of their richest sources of assets, are on alert as more details emerge on how prized 401(k) contributions could fall victim to President Donald Trump’s tax overhaul plan.

The New York Times reported Friday that the administration may seek to limit pretax contributions to 401(k) plans to as little as $2,400 annually, down from the current maximum of $18,000 for most workers and $24,000 for those 50 years or older.

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