Sec. 445. Amendments relating to setting every community up for retirement enhancement act of 2019
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/bill/119/hr/7314/ih/section-445·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 401(k)(12)(G) of the Internal Revenue Code of 1986 is amended by striking the requirements under subparagraph (A)(i) and inserting the contribution requirements under subparagraph
(B)or
(C). Section 401(k)(13)(D)(iv) of such Code is amended by striking and
(F)and inserting and
(G). Section 401(m)(12) of such Code is amended by striking and at the end of subparagraph (A), by redesignating subparagraph
(B)as subparagraph (C), and by inserting after subparagraph
(A)(as so amended) the following new subparagraph: meets the notice requirements of subsection (k)(13)(E), and . Section 401(k)(15)(B)(i)(II) of such Code is amended by striking subsection (m)(2) and inserting paragraphs (2), (11), and
(12)of subsection
(m). Section 401(a)(9)(C)(iii) of such Code is amended by striking employee to whom clause (i)(II) applies and inserting employee (other than an employee to whom clause (i)(II) does not apply by reason of clause (ii)) . Section 4973(b) of such Code is amended by adding at the end of the flush matter the following: Such term shall not include any designated nondeductible contribution (as defined in subparagraph
(C)of section 408(o)(2)) which does not exceed the nondeductible limit under subparagraph
(B)thereof by reason of an election under section 408(o)(5). . The amendments made by this subsection shall take effect as if included in the section of the Setting Every Community Up for Retirement Enhancement Act of 2019 to which the amendment relates. Section 408(o)(5)(A) of such Code is amended by striking subsection
(b)and inserting section 219(b) . Section 72(t)(2)(H)(vi)(IV) of such Code is amended by striking 403(b)(7)(A)(ii) and inserting 403(b)(7)(A)(i) .