H.R. 1938 · 116th Congress
Small Employer Retirement Savings Auto-Enrollment Credit Act
- Stage
- In committee
- Sponsor
- Lori Trahan
- Introduced
- 2019-03-27
- Latest action
- 2019-03-27 · Introduced in House
Summary
Small Employer Retirement Savings Auto-Enrollment Credit Act
This bill allows 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.