S 4154
Simplifying Small Business Retirement Savings Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
Simplifying Small Business Retirement Savings Act This bill requires pooled employer retirement plans to designate a named fiduciary to collect contributions to the plan and implement written contribution collection procedures that are reasonable, diligent, and systematic. Current law requires a plan to designate one or more trustees to perform these tasks. The bill also revises the requirements for combined annual reporting for a group of plans.
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