On April 13, 2017, President Trump signed the Congressional Review Act (CRA) that bars city-run auto-IRA requirements for small businesses. The Senate will also vote on a similar requirement for small businesses to participate in state-government IRA’s. Both would impact the Employee Retirement Income Security Act (ERISA) imposed requirements, under the Department of Labor (DOL) regulations. Some identified concerns include: mandatory participation, state-by-state law differentiation, and pension plans.
Click here for more information.