Law makes significant changes to 401(k)s: Employers will soon see plans in a different light. So should you. Posted on August 21, 2006 by Chris McGregor The 401(k) is transforming. The pension reform bill that President Bush signed into law last week makes 401(k)s friendlier to workers and encourages employers to help savings-challenged Americans build their nest eggs for retirement. Click here to view entire article.