Expanding Access to Retirement Act of 2019 This bill establishes limitations on defined contribution pension plans, such as 401(k) plans, offered by associations or groups of multiple employers. Specifically, the bill (1) specifies that these plans may be offered only by a bona fide group or association of employers or by a bona fide professional employer organization, and (2) establishes various requirements for each of these types of entities.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Labor and Employment
Employee benefits and pensionsEmployee hiringFinancial services and investmentsWages and earnings
Expanding Access to Retirement Act of 2019
USA116th CongressS-1927| Senate
| Updated: 6/20/2019
Expanding Access to Retirement Act of 2019 This bill establishes limitations on defined contribution pension plans, such as 401(k) plans, offered by associations or groups of multiple employers. Specifically, the bill (1) specifies that these plans may be offered only by a bona fide group or association of employers or by a bona fide professional employer organization, and (2) establishes various requirements for each of these types of entities.