Helping Young Americans Save for Retirement Act

Source of recordUS Congress · congress.govLast synced Sep 11, 2026

Chamber

House

Progress

Where this bill stands in the legislative process.

Introduced
Passed House
Passed Senate
To President
Became Law

Overview

This bill, the Helping Young Americans Save for Retirement Act, changes rules about when young workers can participate in employer-sponsored retirement plans. Specifically, it lowers the age at which individuals can begin participating in these plans from 21 to 18, with certain conditions. It also modifies how these plans are evaluated and reported to ensure younger employees are properly accounted for, and it adjusts the timeframe for counting participants.

Key provisions

Lowers the minimum age for participation in retirement plans from 21 to 18.
Changes the calculation of the period allowed for participation to consider 18-year-olds.
Modifies ERISA regulations to include younger employees in plan calculations.
Updates Internal Revenue Code sections related to 401(k) and 403(b) plans to accommodate younger participants.
Introduces a five-year delay in counting participants who initially join the plan due to the age change.
Requires a qualified public accountant's opinion for plans primarily serving younger employees.
Adds ‘younger workers’ to relevant section headings.
Adjusts the reporting requirements for plans with participants solely due to the age change.

Who is affected

Employees participating in employer-sponsored retirement plans (401(k) and 403(b))
Employers offering these retirement plans
Financial institutions administering these plans

Bill text

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Jul 23, 2025XMLView source

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Legislative history

2 recorded actions

Jul 23, 2025House

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Jul 23, 2025

Introduced in House

Geography

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No public positions recorded for this legislation.

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Helping Young Americans Save for Retirement Act

Progress