Multiemployer Plan Relief Act

Multiemployer plans avoid auto-enrollment

This bill would add multiemployer plans to the list of plans excepted from automatic enrollment rules. If enacted, employers and plan sponsors that contribute to multiemployer retirement plans would not have to automatically enroll workers under the current auto-enrollment rules. Employees covered by those plans would be less likely to be default-enrolled and might save less by default. The change would apply to taxable years beginning after December 31, 2024.