S. 4808 would amend portions of the Internal Revenue Code of 1986 related to retirement plans and tax‑favored savings accounts. Several of the bill’s provisions would reduce revenues significantly by providing matching payments for elective deferral and individual retirement arrangement (IRA) contributions and raising the age at which required minimum distributions from defined contribution retirement plans or traditional IRAs must begin. Other provisions would increase revenues by directing some retirement plans to require the designation of catch-up contributions as Roth contributions and allowing some plans to permit employees to designate their employers’ matching contributions as Roth contributions.
