,,ii  #aag? ,,congress  #b;d ,session   
,s4 #djhf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #bf1 #bjbb,ms4  
,ros5 7= h]self & ,mr4 ,scott ( ,s\?    
,c>ol9a7 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to am5d ! ,employee         
,retirem5t ,income ,security ,act (     
#aigd to bett] enable plan sponsors to  
implem5t b5eficial plan features4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,increas+ ,small ,bus9ess ,retirem5t    
,*oices ,act4  #b4 ,f9d+s ,congress f9ds
 z foll[s3 7#a7 ,retirem5t plan sponsors
 engage advisors to assi/ 9 adm9i/]+ _! 
retirem5t plans4 ,su* advisors & o!r    
s]vice provid]s are paid via mon?ly or  
annual reta9]s to advise on plan        
adm9i/ration or ! inve/m5t fund l9eup4  
,su* reta9]s are *>g$ to ! retirem5t    
plan4  7#b7 ,o!r1 incid5tal exp5ses     
incurr$ relat$ to plan design1 may n be 
*>g$ to ! plan because !y are deem$     
settlor functions4 ,= example1 if a plan

 sponsor 7 to inquire ab\t a b5eficial  
plan design feature1 su* z automatic    
enrollm5t & re5rollm5t or automatic     
escalation1 ! advisor or o!r s]vice     
provid] w\ld bill ! employ] a sep>ate   
am\nt t c\ld n be *>g$ back to ! plan4  
,because ^! inquires result 9 additional
 co/s1 _m employ]s--especially small    
employ]s--*oose to =ego ^! incid5tal    
plan design features1 ev5 :5 !y might   
g5]ate trem5d\s b5efits = _! employees4 
7#c7 ,accord+ to ! #bjba ,plan ,sponsor 
,c\ncil ( ,am]ica's ,annual ,survey (   
,pr(it ,%>+ & #dja7k7 ,plans1 only #cj4e
 p]c5t ( employ]s ) few] ?an #ej work]s 
h an automatic enrollm5t feature 9 _!   
retirem5t plan1 comp>$ to ov] #gg p]c5t 
( employ]s ) m ?an #a1jjj work]s4 ,small
 employ]s ne$ additional res\rces to    
improve _! retirem5t plan design4  #c4  
,facilitat+ ! implem5tation ( b5eficial 
plan features  7a7 ,plan assets ,section
 #djc7;c77#a7 ( ! ,employee ,retirem5t  
,income ,security ,act ( #aigd 7#bi     
,u4,s4,c4 #aajc7;c77#a77 is am5d$ by    

ins]t+ 7includ+ incid5tal exp5ses solely
 = ! b5efit ( ! p>ticipants & _!        
b5efici>ies7 be=e ! p]iod4  7b7         
,fiduci>y /&>d ( c>e ,section           
#djd7;a77#a77;,a77ii7 ( ! ,employee     
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4                    
#aajd7;a77#a77;,a77ii77 is am5d$ by     
ins]t+ 7includ+ incid5tal exp5ses solely
 = ! b5efit ( ! p>ticipants & _!        
b5efici>ies7 be=e ! semicolon4