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Automatic Reenrollment for Retirement Savings Plans

This act introduces changes allowing employees to be automatically re-enrolled in company retirement savings plans, even if they previously opted out. This means that every 1-3 years, employees who stopped saving will be automatically re-included in the program, unless they actively opt out again. The goal is to simplify and encourage long-term savings for the future.
Key points
Employees who opted out of company retirement plans will be automatically re-enrolled every 1-3 years.
To avoid re-enrollment, an employee must actively opt out each time an automatic re-enrollment occurs.
The changes aim to increase the number of people saving for retirement by simplifying the process and reducing barriers.
The act applies to 401(k) and similar retirement plans that offer automatic enrollment.
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Additional Information
Print number: 118_HR_4924
Sponsor: Rep. Manning, Kathy E. [D-NC-6]
Process start date: 2023-07-26
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Auto Reenroll Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4924.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-26.

What are the main provisions?

Key points include:

  • Employees who opted out of company retirement plans will be automatically re-enrolled every 1-3 years.
  • To avoid re-enrollment, an employee must actively opt out each time an automatic re-enrollment occurs.
  • The changes aim to increase the number of people saving for retirement by simplifying the process and reducing barriers.
  • The act applies to 401(k) and similar retirement plans that offer automatic enrollment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Manning, Kathy E. [D-NC-6].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Labor Taxes