Pub. L. 116-94, div. O, tit. I, sec. 102 (as amended)
INCREASE IN 10 PERCENT CAP FOR AUTOMATIC ENROLLMENT SAFE HARBOR AFTER 1ST PLAN YEAR.
SEC. 102. INCREASE IN 10 PERCENT CAP FOR AUTOMATIC ENROLLMENT SAFE HARBOR AFTER 1ST PLAN YEAR.
(a) [26 U.S.C. 401] In General.—Section 401(k)(13)(C)(iii) of the Internal Revenue Code of 1986is amended by striking “does not exceed 10 percent” and inserting “does not exceed 15 percent (10 percent during the period described in subclause (I))”.
(b) [26 U.S.C. 401 note] Effective Date.—The amendments made by this section shall apply to plan years beginning after December 31, 2019.
- Cross-references to the US Code
- 26 U.S.C. 40126 U.S.C. 401 note