H.R. 6685 — To amend the Internal Revenue Code of 1986 to establish an exception for multiemployer plan participants to the requirements for automatic enrollment.

H.R. 6685 — To amend the Internal Revenue Code of 1986 to establish an exception for multiemployer plan participants to the requirements for automatic enrollment. | JustPolicyThe purpose of this legislation is to change certain rules in the Internal Revenue Code regarding automatic enrollment in retirement plans. Specifically, it aims to create an exception for participants in multiemployer plans, which are retirement plans that involve multiple employers, often in the same industry. The key provision of this legislation is the amendment to the existing rules about automatic enrollment in retirement plans. It adds multiemployer plans to the list of plans that are exempt from certain automatic enrollment requirements.