To amend the Internal Revenue Code of 1986 to establish an exception for multiemployer plan participants to the requirements for automatic enrollment.

This legislation proposes to amend the Internal Revenue Code of 1986 to provide an exception for participants in multiemployer plans from certain automatic enrollment requirements. Specifically, it targets Section 414A(c)(3) of the Code, which currently outlines exceptions for other types of plans. The bill expands the existing exemption to explicitly include multiemployer plans , as defined under section 414(f), alongside church plans. This means that individuals participating in these plans would not be subject to the standard automatic enrollment provisions. The amendments made by this bill are slated to take effect for taxable years beginning after December 31, 2024 .