Here's how the Senate could change your 401(k) plan

The US Senate has retirement on the brain, and it's not because the average age of the legislative body is 64. A group of new bills that could change the way Americans save for retirement have landed on lawmakers' desks this spring.

The proposals have broad, bipartisan support and a clear path forward, say experts. If Senators are able to reconcile their ideas into a concise package, President Joe Biden could sign the changes into law before Congress' August recess.

Here's a look at the changes under consideration.