Sec. 103. Removal of 10 percent cap from automatic enrollment safe harbor after 1st plan year

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Clause

(iii)of section 401(k)(13)(C) of the Internal Revenue Code of 1986 is amended by striking , does not exceed 10 percent, and is at least and inserting and is . Subclause

(I)of section 401(k)(13)(C)(iii) of the Internal Revenue Code of 1986 is amended by striking 3 percent and inserting at least 3 percent, but not greater than 10 percent, . Subclause

(II)of section 401(k)(13)(C)(iii) of such Code is amended by striking 4 percent and inserting at least 4 percent . Subclause

(III)of section 401(k)(13)(C)(iii) of such Code is amended by striking 5 percent and inserting at least 5 percent . Subclause

(IV)of section 401(k)(13)(C)(iii) of such Code is amended by striking 6 percent and inserting at least 6 percent . The amendments made by this section shall apply to plan years beginning after December 31, 2016.