H.R. 6685 (Introduced in House) — To amend the Internal Revenue Code of 1986 to establish an exception for multiemployer plan participants to the requirements for automatic enrollment.

Section 1 Exception to requirements related to automatic enrollment

(a)

In general— Section 414A(c)(3) of the Internal Revenue Code of 1986 is amended—

(1)

in the heading, by striking “and church plans” and inserting “church plans, and multiemployer plans”, and

(2)

by striking “or any church plan (within the meaning of section 414(e))” and inserting “any church plan (within the meaning of section 414(e)), or any multiemployer plan (as defined in section 414(f)).”.

(b)

Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2024.

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

Section 1 Exception to requirements related to automatic enrollment

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Incoming references