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S. 1840 119th Congress Senate

Retirement Investment in Small Employers Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide for a microemployer pension plan startup credit.

Introduced: May 21, 2025 Introduced by: Margaret Wood Hassan Democratic · New Hampshire See on congress.gov
Taxation
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2025
Read twice and referred to the Committee on Finance.
May 21, 2025
Introduced in Senate
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What's happening now May 21, 2025

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Retirement Investment in Small Employers Act 

This bill increases the federal tax credit limit for startup costs incurred by certain small businesses to establish a qualified retirement plan.

As background, a federal tax credit is allowed for 50% of the costs incurred by a small business with no more than 100 qualified employees (or 100% of such costs for a small business with no more than 50 qualified employees) to establish a qualified retirement plan. Under current law, the tax credit is limited to the greater of (1) $500, or (2) the lesser of $250 per eligible employee or $5,000. (Additional limits may apply.)

The bill increases the limit on the tax credit for retirement plan startup costs for employers with no more than 10 employees to the greater of (1) $2,500, or (2) the lesser of $250 per employee or $5,000.

For the increased tax credit limit to apply, the retirement plan established by the business must accept payment of the matching contribution under the Saver’s Match program. Under the Saver's Match program, beginning in 2027, individuals that meet certain requirements are eligible to have a federal matching contribution of up to $1,000 (or $2,000 for married joint filers) deposited into a qualified retirement account.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 28

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

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 Cosponsors 1
All 1 Republican 1
R
Budd, Ted
North Carolina · May 21, 2025
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APA
U.S. Congress. (2026). S. 1840: Retirement Investment in Small Employers Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-1840/
MLA
"S. 1840: Retirement Investment in Small Employers Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-1840/.
Bluebook (legal)
S. 1840, 119th Cong. (2026), https://openamerica.io/bill/119-S-1840/.
Markdown link
[S. 1840: Retirement Investment in Small Employers Act](https://openamerica.io/bill/119-S-1840/)
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