meeting hall exterior view

Legislative and regulatory affairs

Keeping you updated on the latest retirement policies and regulations is a responsibility we take seriously.

Instant insights leg reg thumbnail

Instant Insights

Retirement policy news that may impact plans and participants

Read more

Stay on top of legislative and regulatory news with Empower

Review our quarterly publications for 401(k), 403(b) and government plans.

* Democrats in Congress continue to negotiate on what should be included in the Biden administration’s Build Back Better agenda. On November 3, 2021, three retirement-related provisions that had been removed the prior week were reinstated.

  • Capping aggregate retirement savings in defined contribution and IRA (The provision will now become effective in 2029.)
  • Prohibiting conversions of after-tax monies to Roth accounts beginning in 2022 (applies to everyone regardless of income level)
  • Prohibiting pretax Roth conversions for high-income individuals beginning in 2032

Two of the retirement provisions remain out of the current bill:

  • Mandatory automatic contribution plans and arrangements
  • Making the saver’s credit a refundable contribution to retirement savings vehicles

As we always note, there could be further changes and additions. We will continue to update you on any new developments.

401(k)

403(b)

Government

Register for quarterly legislative and regulatory updates

Join us to hear the latest developments on retirement policy and understand their practical implications.

FOR FINANCIAL PROFESSIONAL USE ONLY.

RO1818280-0821

Carefully consider the investment option’s objectives, risks, fees and expenses. Contact Empower Retirement for a prospectus, summary prospectus for SEC-registered products or disclosure document for unregistered products, if available, containing this information. Read each carefully before investing.

Securities, when presented, are offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment adviser, Advised Assets Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.

IMPORTANT: The projections, or other information generated on the website by the investment analysis tool regarding the likelihood of various investment outcomes, are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time.

Investing involves risk, including possible loss of principal.

Insurance products are issued by or offered through Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; or in New York, by Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY. Guarantees are subject to the terms and conditions of the contract and the claims-paying ability of the insurer.

The managed account service is part of the Empower Retirement Advisory Services suite of services offered by Advised Assets Group, LLC, a registered investment adviser.

The Empower Institute is a research group within Empower Retirement, LLC.

All features may not currently be available and are subject to change without notice. ©2021 Empower Retirement, LLC. All rights reserved.

Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency.