HR4718119th CongressWALLET

Helping Young Americans Save for Retirement Act

Sponsored By: Representative Pettersen, Brittany [D-CO-7]

Introduced

Summary

Expand retirement-plan eligibility to age 18. This bill would let younger employees join employer pension and 401(k) plans either by meeting a revised age test at 18 or by completing two consecutive 12-month periods with at least 500 hours of service. It would also align Employee Retirement Income Security Act and tax-code language and add an accounting rule for participant counts.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Earlier 401(k) access at age 18

If enacted, workers could join employer retirement plans at age 18. You could also qualify after two back‑to‑back 12‑month periods with at least 500 hours each. This would apply to 401(k)s and other employer pension plans. Plans would start using these rules in plan years that begin one year after enactment.

Five-year delay counting young participants

If enacted, plans would not count employees who join only because of the new age‑18 rule for five years. The five‑year clock would start when the first such employee becomes a participant. This could ease audit and compliance work for plan sponsors. It would apply in plan years that begin one year after enactment.

Sponsors & CoSponsors

Sponsor

Pettersen, Brittany [D-CO-7]

CO • D

Cosponsors

  • Rep. Rulli, Michael A. [R-OH-6]

    OH • R

    Sponsored 7/23/2025

  • Rep. Bergman, Jack [R-MI-1]

    MI • R

    Sponsored 5/13/2026

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 5/13/2026

Roll Call Votes

No roll call votes available for this bill.

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