Code · BILL · 119th Congress · H.R. 185 (Introduced in House) — To advance responsible policies. · Sec. 409

Sec. 409. Pooled employer plans modification

75 words·~1 min read·/bill/119/hr/185/ih/section-409

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Section 3(43)(B)(ii) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1002(43)(B)(ii) ) is amended to read as follows: designate a named fiduciary (other than an employer in the plan) to be responsible for collecting contributions to the plan and require such fiduciary to implement written contribution collection procedures that are reasonable, diligent, and systematic; . The amendments made by this section shall apply to plan years beginning after December 31, 2024.

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29 USC 1002(43)(B)(ii)

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Sec. 409

Pooled employer plans modification

Cite29 USC 1002(43)(B)(ii)

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