Senate Bill 4154
117th Congress(2021-2022)
Simplifying Small Business Retirement Savings Act
Introduced
Introduced in Senate on May 5, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4154
Congress
117
Policy Area
Labor and Employment
Labor and Employment
Primary focus of measure is matters affecting hiring and composition of the workforce, wages and benefits, labor-management relations; occupational safety, personnel management, unemployment compensation. Measures concerning public-sector employment may fall under Government Operations and Politics policy area.
No Senate votes have been held for this bill.
Summary
Simplifying Small Business Retirement Savings Act
This bill requires pooled employer retirement plans to designate a named fiduciary to collect contributions to the plan and implement written contribution collection procedures that are reasonable, diligent, and systematic. Current law requires a plan to designate one or more trustees to perform these tasks.
The bill also revises the requirements for combined annual reporting for a group of plans.
May 5, 2022
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05/05/2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
05/05/2022
Introduced in Senate
Public Record
Record Updated
Aug 31, 2023 4:45:22 PM