Bill > S4808

This bill, the Enhancing American Retirement Now (EARN) Act, proposes a number of reforms to retirement provisions in the Internal Revenue Code. Key provisions include: - Establishing a new "secure deferral arrangement" in 401(k) plans that provides an alternative way for plans to meet nondiscrimination requirements. - Providing matching payments from the government for elective deferral and IRA contributions made by certain low- and moderate-income individuals. - Modifying the participation requirements for long-term, part-time workers in 401(k) plans. - Allowing employer contributions to 401(k) plans to match student loan payments made by employees. - Providing penalty-free withdrawals from retirement plans for individuals in case of domestic abuse. - Increasing the age for required minimum distributions from retirement plans. - Enhancing rules for qualifying longevity annuity contracts. - Providing special disaster-related rules for use of retirement funds. - Establishing an online searchable database called the Retirement Savings Lost and Found to help individuals locate their retirement plans. - Creating a new tax credit for small employers that adopt automatic portability arrangements. The bill also includes provisions relating to public safety officers, nonprofits and educators, notices, technical modifications, and revenue provisions.

https://www.congress.gov/bill/117th-congress/senate-bill/4808/all-info