HOUSE 1938116th CongressReferred to the House Committee on Ways and Means.

Small Employer Retirement Savings Auto-Enrollment Credit Act

Last Action: 3/27/2019

Actions

2019-03-27Referred to the House Committee on Ways and Means.
2019-03-27Introduced in House
2019-03-27Introduced in House

CRS Summary

As of 2019-03-27 (00)

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.

Cosponsors (2)

Mike Kelly (R-PA)
Brian Fitzpatrick (R-PA)

Subjects

Employee benefits and pensions
Income tax credits
Small business

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