HR 6685
To amend the Internal Revenue Code of 1986 to establish an exception for multiemployer plan participants to the requirements for automatic enrollment.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill proposes an exception to the automatic enrollment requirements for retirement plans, specifically for participants in multiemployer plans. Currently, all retirement plans must automatically enroll eligible employees. This bill would exclude multiemployer plans from this automatic enrollment rule, allowing plan sponsors more flexibility in how they manage employee participation. The changes would take effect starting in 2025.
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