Sec. 1. Short title; table of contents
203 words·~1 min read·
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This Act may be cited as the or the Small Businesses Add Value for Employees Act of 2015 . SAVE Act of 2015 The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Elimination of restriction on SIMPLE IRA rollovers. Sec. 3. Allowing mid-year SIMPLE IRA plan termination. Sec. 4. Elimination of higher penalty on early SIMPLE IRA distributions. Sec. 5. Increase in contributions allowed for SIMPLE IRA. Sec. 6. SIMPLE 401(k) parity for additional nonelective employer contributions.
Sec. 7. Automatic deferral IRAs. Sec. 8. Modification of automatic enrollment safe harbor. Sec. 9. Secure deferral arrangements. Sec. 10. Credit for employers with respect to modified safe harbor requirements. Sec. 11. Modification of regulations. Sec. 12. Limited transfer of unused balance in flexible spending arrangement. Sec. 13. Prior years compensation taken into account in determining maximum retirement savings deduction. Sec. 14. Expanding small employer pension plan startup cost credit.
Sec. 15. Financial education. Sec. 16. Small employer plans. Sec. 17. Modification of ERISA rules relating to multiple employer defined contribution plans. Sec. 18. Clarification of treatment of individual retirement plans with payroll deduction. Sec. 19. Disclosure regarding lifetime income. Sec. 20. Lifetime income safe harbor.