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PSCA opens up survey on tax reform impact on retirement savings

The Plan Sponsor Council of America has launched an employer survey on the potential impact of tax reform on retirement savings.

The survey is intended to gauge the impact of potential eliminations and/or limits to pre-tax contributions to 401(k) plans, 403(b) plans and similar defined contribution plans that the U.S. Congress may consider, according to a PSCA news release announcing the survey.

“Today, more than 100 million Americans participate in tax-qualified retirement savings plans and Congress is discussing actions that would significantly change the tax treatment of those plans,” said Jack Towarnicky, PSCA executive director, in the news release. “Our survey results will help inform policymakers on how certain changes may affect access to and participation in retirement plans.”

PSCA board Chairman Kenneth Raskin on May 2 at the organization's annual conference had said the council was “doing everything we can to educate lawmakers in Washington.” The survey is available online.