summary
Introduced
03/27/2019
03/27/2019
In Committee
03/27/2019
03/27/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to modify the qualification requirements with respect to certain multiple employer plans with pooled plan providers, and for other purposes. This bill provides for the application of qualification requirements for certain tax-favored multiple employer pension plans that participate with a pooled plan provider despite differences in such plans. It also requires annual information reports for pooled employer and multiple employer plans.
AI Summary
This bill provides for the application of qualification requirements for certain tax-favored multiple employer pension plans that participate with a pooled plan provider despite differences in such plans. It also requires annual information reports for pooled employer and multiple employer plans. Specifically, the bill allows for the qualification of multiple employer plans with pooled plan providers, even if not all participating employers take the required actions, as long as the plan terms provide for the transfer of assets and liabilities of non-compliant employers. The bill also defines "pooled plan provider" and outlines their responsibilities, and requires additional information reporting for pooled employer and multiple employer plans.
Committee Categories
Education
Sponsors (2)
Last Action
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 03/27/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/1907/all-info |
| BillText | https://www.congress.gov/116/bills/hr1907/BILLS-116hr1907ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr1907/BILLS-116hr1907ih.pdf.pdf |
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