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.
Employee benefits and pensionsIncome tax creditsSmall business
Small Employer Retirement Savings Auto-Enrollment Credit Act
USA116th CongressHR-1938| House
| Updated: 3/27/2019
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.