The Helping Young Americans Save for Retirement Act aims to make it easier for young people to participate in retirement savings plans. The main goal is to lower the age at which individuals can start contributing to pension plans and qualified trusts from 21 to 18, allowing them to begin saving for retirement earlier in life. One of the key provisions of this legislation is the change in eligibility requirements for pension plans under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.