H.R. 3902 · 115th Congress
Small Employer Retirement Savings Auto-Enrollment Credit Act
- Stage
- In committee
- Sponsor
- Mike Bishop
- Introduced
- 2017-10-02
- Latest action
- 2017-10-02 · Introduced in House
Summary
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.