A bill to amend the Employee Retirement Income Security Act of 1974 with respect to association retirement plans and other multiple employer pension benefit plans.
Expanding Access to Retirement Act of 2019
This bill establishes limitations on defined contribution pension plans, such as 401(k) plans, offered by associations or groups of multiple employers. Specifically, the bill (1) specifies that these plans may be offered only by a bona fide group or association of employers or by a bona fide professional employer organization, and (2) establishes various requirements for each of these types of entities.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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