,,ii  #aagth ,,congress  #b;d ,session  
,s4 #djhf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #bf1    
#bjbb,ms4 ,rosen 7for herself and ,mr4  
,scott of ,south ,carolina7 introduced  
the following bill2 which was read twice
 and referred to the ,committee on      
,health1 ,education1 ,labor1 and        
,pensions  ,a ,,bill  ,to amend the     
,employee ,retirement ,income ,security 
,act of #aigd to better enable plan     
sponsors to implement beneficial plan   
features4  #a4 ,short title ,this ,act  
may be cited as the ,increasing ,small  
,business ,retirement ,choices ,act4    
#b4 ,findings ,congress finds as        
follows3 7#a7 ,retirement plan sponsors 
engage advisors to assist in            
administering their retirement plans4   
,such advisors and other service        
providers are paid via monthly or annual
 retainers to advise on plan            
administration or the investment fund   
lineup4 ,such retainers are charged to  
the retirement plan4  7#b7 ,other1      

incidental expenses incurred related to 
plan design1 may not be charged to the  
plan because they are deemed settlor    
functions4 ,for example1 if a plan      
sponsor were to inquire about a         
beneficial plan design feature1 such as 
automatic enrollment and reenrollment or
 automatic escalation1 the advisor or   
other service provider would bill the   
employer a separate amount that could   
not be charged back to the plan4        
,because these inquires result in       
additional costs1 many                  
employers--especially small             
employers--choose to forego these       
incidental plan design features1 even   
when they might generate tremendous     
benefits for their employees4  7#c7     
,according to the #bjba ,plan ,sponsor  
,council of ,america's ,annual ,survey  
of ,profit ,sharing and #dja7k7 ,plans1 
only #cj4e percent of employers with    
fewer than #ej workers have an automatic
 enrollment feature in their retirement 
plan1 compared to over #gg percent of   

employers with more than #a1jjj workers4
 ,small employers need additional       
resources to improve their retirement   
plan design4  #c4 ,facilitating the     
implementation of beneficial plan       
features  7a7 ,plan assets ,section     
#djc7;c77#a7 of the ,employee           
,retirement ,income ,security ,act of   
#aigd 7#bi ,u4,s4,c4 #aajc7;c77#a77 is  
amended by inserting 7including         
incidental expenses solely for the      
benefit of the participants and their   
beneficiaries7 before the period4  7b7  
,fiduciary standard of care ,section    
#djd7;a77#a77;,a77ii7 of the ,employee  
,retirement ,income ,security ,act of   
#aigd 7#bi ,u4,s4,c4                    
#aajd7;a77#a77;,a77ii77 is amended by   
inserting 7including incidental expenses
 solely for the benefit of the          
participants and their beneficiaries7   
before the semicolon4