Sec. 4. Nondiscrimination testing changes to facilitate higher contributions
154 words·~1 min read·
/bill/115/hr/4523/ih/section-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 such Code 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 . Clause
(i)of section 401(m)(11)(B) of such Code is amended by striking 6 and inserting 10 . The amendments made by this section shall apply to plan years beginning after December 31, 2017.