This legislation, known as the Retirement Investment in Small Employers (RISE) Act, seeks to incentivize the creation of retirement plans by small businesses through amendments to the Internal Revenue Code. It introduces a new category of "qualified microemployer," defined as an employer with typically 10 or fewer employees, who establishes a specific type of retirement plan. For these microemployers, the existing pension plan startup credit is significantly enhanced, increasing from 50 percent to 100 percent of qualified startup costs, with the maximum credit amount rising from $500 to $2,500 . A key provision of the bill allows eligible service providers, rather than the employer, to claim the small business pension plan startup credits. To do so, the service provider must reduce the fees charged to the employer by an amount equal to or greater than the credit they claim. The employer must provide a written certification confirming they will not claim the credit themselves and meet other eligibility criteria, such as not having maintained a similar plan in the preceding three years. This mechanism aims to directly lower the upfront costs for small businesses establishing new retirement plans, with the credit applying for the first three years the plan is in effect.