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Simplifying Small Business Retirement Savings Act
8/31/2023, 4:45 PM
Congressional Summary of S 4154
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.
Read the Full Bill
Current Status of Bill S 4154
Bill S 4154 is currently in the status of Bill Introduced since May 5, 2022. Bill S 4154 was introduced during Congress 117 and was introduced to the Senate on May 5, 2022. Bill S 4154's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of May 5, 2022
Bipartisan Support of Bill S 4154
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4154
Primary Policy Focus
Labor and EmploymentAlternate Title(s) of Bill S 4154
Simplifying Small Business Retirement Savings Act
Simplifying Small Business Retirement Savings Act
A bill to provide better access to retirement plans through small businesses.
Comments
Sponsors and Cosponsors of S 4154
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