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H.R. 3902

Small Employer Retirement Savings Auto-Enrollment Credit Act

Small Employer Retirement Savings Auto-Enrollment Credit Act

This bill amends the Internal Revenue Code to allow a three-year $500 business-related tax credit for eligible small employers who include and maintain an automatic contribution arrangement in an employer-sponsored retirement plan.

An "eligible employer" is an employer with no more than 100 employees who received at least $5,000 of compensation from the employer for the preceding year.

Referred to the House Committee on Ways and Means.

Rep. Bishop, Mike [R-MI-8](R-MI)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions4related bills3subjects
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Small Employer Retirement Savings Auto-Enrollment Credit Act — Informed