Small Employer Retirement Savings Auto-Enrollment Credit Act

2017-10-02

Introduced in House

Small Employer Retirement Savings Auto-Enrollment Credit Act

This bill amends the Internal Revenue Code to allow 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.

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