Sponsors (2)
The bill eases administrative and compliance burdens for multiemployer plan sponsors by exempting them from automatic-enrollment rules, but it also leaves plan participants without a policy that typically increases retirement savings and creates uneven rules across plan types.
Multiemployer plan sponsors and administrators (including small-business plan administrators) avoid implementing automatic-enrollment procedures, reducing administrative work and lowering operational costs for those plans.
Plan administrators and employers running multiemployer plans face reduced compliance burdens because they are exempt from the new automatic-enrollment requirements for taxable years after 2024.
Workers covered by multiemployer plans (often unionized, middle-class families) may miss out on higher participation rates and potential retirement savings increases that automatic enrollment typically yields.
Having different enrollment rules for multiemployer versus single-employer plans could create confusion and administrative complexity for employees and employers who move between plan types.
Based on analysis of 2 sections of legislative text.
Amends the Internal Revenue Code to expand an exception related to automatic enrollment so that multiemployer pension plans are explicitly included in the exception. One section of the bill simply provides an official short title; the substantive change affects tax code language and takes effect for taxable years beginning after December 31, 2024.
Introduced January 12, 2026 by Amy Klobuchar · Last progress January 12, 2026