Starter-K Act of 2022

Summary

Starter-K Act of 2022 This bill allows employers who do not provide a retirement plan to establish a starter 401(k) deferral-only arrangement for plan years beginning after 2022. The bill defines starter 401(k) deferral-only arrangement as any cash or deferred arrangement that meets specified automatic deferral requirements, contribution limitations, and notice requirements. Such arrangements also allow catch-up contributions for individuals age 50 and over and exempt such employers from complying with certain participation and discrimination standards.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 30 March 2022

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 30 March 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 30 March 2022 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 March 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 March 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 March 2022

  Open at official source

Sponsors

• John Barrasso · R · Sponsor
• Rep. Carper, Thomas R. [D-DE-At Large] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to ← Starter-K Act of 2022