,,ii  #aagth ,,congress  #b;d ,session  
,s4 #daed  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #e1       
#bjbb,mr4 ,hickenlooper 7for himself and
 ,ms4 ,collins7 introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,health1          
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to provide better access to    
retirement plans through small          
businesses4  #a4 ,short title ,this ,act
 may be cited as the ,simplifying ,small
 ,business ,retirement ,savings ,act4   
#b4 ,annual audit parity for group of   
plans ,section #bjb7;a7 of the ,setting 
,every ,community ,up for ,retirement   
,enhancement ,act of #bjai 7,public ,law
 #aaf-id2 #bf ,u4,s4,c4 #fjeh note7 is  
amended-- 7#a7 by striking so that all  
members and inserting the following3 8so
 that--  7#a7 all members  2  7#b7 by   
striking the period and inserting 2 and2
 and  7#c7 by adding at the end the     
following3  7#b7 any opinions required  
by section #ajc7;a77#c7 of the ,employee

 ,retirement ,income ,security ,act of  
#aigd 7#bi ,u4,s4,c4 #ajbc7;a77#c77     
shall relate only to each individual    
plan which would otherwise be subject to
 the requirements of such section       
#ajc7;a77#c74  4  #c4 ,pooled employer  
plans modification ,section             
#c7dc77;,b77ii7 of the ,employee        
,retirement ,income ,security ,act of   
#aigd 7#bi ,u4,s4,c4 #ajjb7dc77;,b77ii77
 is amended to read as follows3  7ii7   
designate a named fiduciary 7other than 
an employer in the plan7 to be          
responsible for collecting contributions
 to the plan and require such fiduciary 
to implement written contribution       
collection procedures that are          
reasonable1 diligent1 and systematic2  4
  #d4 ,report on pooled employer plans  
,the ,secretary of ,labor shall-- 7#a7  
conduct a study on the pooled employer  
plan 7as such term is defined in section
 #c7dc7 of the ,employee ,retirement    
,income ,security ,act of #aigd 7#bi    
,u4,s4,c4 #ajjb7dc777 industry1         

including on-- 7,a7 the legal name and  
number of pooled employer plans2  7,b7  
the number of participants in such      
plans2  7,c7 the range of investment    
options provided in such plans2  7,d7   
the fees assessed in such plans2  7,e7  
the manner in which employers select and
 monitor such plans2  7,f7 the          
disclosures provided to participants in 
such plans2  7,g7 the number and nature 
of any enforcement actions by the       
,secretary of ,labor on such plans2     
7,h7 the extent to which such plans have
 increased retirement savings coverage  
in the ,united ,states2 and  7,i7 any   
additional information as the ,secretary
 determines necessary2 and  7#b7 not    
later than #b years after the date of   
enactment of this ,act1 and every #e    
years thereafter1 submit to ,congress   
and make available on a publicly        
accessible website of the ,department of
 ,labor1 a report on the findings of the
 study under paragraph 7#a71 including  
recommendations on how pooled employer  

plans can be improved1 through          
legislation1 to serve and protect       
retirement plan participants4