Nonpartisan civic infrastructure
AllCiv·Legis1
·

S. 1272

BillFederalSenateIn Committee
SIMPLE Plan Modernization Act
About This Bill
Committee
Latest Action · April 21, 2021
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2125-2126; text: CR S2125-2126)
Congress
117th (2021–2023)
Introduced
April 21, 2021
Cosponsors (1)
1D 0R
View PDF ↗

Summary

Highlight any text to annotate
SIMPLE Plan Modernization Act This bill modifies the requirements for SIMPLE (Savings Incentive Match Plan for Employees) Individual Retirement Accounts (IRAs), which are tax-favored retirement accounts that small businesses may provide to employees. The bill increases the contribution limits for certain SIMPLE IRAs and modifies the requirements for replacing SIMPLE IRAs with 401(k) plans.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.