SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Securing a Strong Retirement Act of 2022’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
TITLE I—EXPANDING COVERAGE AND INCREASING RETIREMENT 
SAVINGS 
Sec. 101. Expanding automatic enrollment in retirement plans. 
Sec. 102. Modification of credit for small employer pension plan startup costs. 
Sec. 103. Promotion of Saver’s Credit. 
Sec. 104. Enhancement of Saver’s Credit. 
Sec. 105. Enhancement of 403(b) plans. 
Sec. 106. Increase in age for required beginning date for mandatory distribu-
tions. 
Sec. 107. Indexing IRA catch-up limit. 
Sec. 108. Higher catch-up limit to apply at age 62, 63, and 64. 
Sec. 109. Pooled employer plans modification. 
Sec. 110. Multiple employer 403(b) plans. 
Sec. 111. Treatment of student loan payments as elective deferrals for purposes 
of matching contributions. 
Sec. 112. Application of credit for small employer pension plan startup costs to 
employers which join an existing plan. 
Sec. 113. Military spouse retirement plan eligibility credit for small employers. 
Sec. 114. Small immediate financial incentives for contributing to a plan. 
Sec. 115. Safe harbor for corrections of employee elective deferral failures. 
Sec. 116. Improving coverage for part-time workers. 
Sec. 117. Deferral of tax for certain sales of employer stock to employee stock 
ownership plan sponsored by S corporation. 
Sec. 118. Certain securities treated as publicly traded in case of employee stock 
ownership plans. 
TITLE II—PRESERVATION OF INCOME 
Sec. 201. Remove required minimum distribution barriers for life annuities. 
Sec. 202. Qualifying longevity annuity contracts. 
Sec. 203. Insurance-dedicated exchange-traded funds. 
TITLE III—SIMPLIFICATION AND CLARIFICATION OF 
RETIREMENT PLAN RULES 
Sec. 301. Recovery of retirement plan overpayments. 
Sec. 302. Reduction in excise tax on certain accumulations in qualified retire-
ment plans. 
Sec. 303. Performance benchmarks for asset allocation funds. 
Sec. 304. Review and report to Congress relating to reporting and disclosure 
requirements. 
Sec. 305. Eliminating unnecessary plan requirements related to unenrolled par-
ticipants.
Sec. 306. Retirement savings lost and found. 
Sec. 307. Updating dollar limit for mandatory distributions. 
Sec. 308. Expansion of Employee Plans Compliance Resolution System. 
Sec. 309. Eliminate the ‘‘first day of the month’’ requirement for governmental 
section 457(b) plans. 
Sec. 310. One-time election for qualified charitable distribution to split-interest 
entity; increase in qualified charitable distribution limitation. 
Sec. 311. Distributions to firefighters. 
Sec. 312. Exclusion of certain disability-related first responder retirement pay-
ments. 
Sec. 313. Individual retirement plan statute of limitations for excise tax on ex-
cess contributions and certain accumulations. 
Sec. 314. Requirement to provide paper statements in certain cases. 
Sec. 315. Separate application of top heavy rules to defined contribution plans 
covering excludible employees. 
Sec. 316. Repayment of qualified birth or adoption distribution limited to 3 
years. 
Sec. 317. Employer may rely on employee certifying that deemed hardship dis-
tribution conditions are met. 
Sec. 318. Penalty-free withdrawals from retirement plans for individuals in case 
of domestic abuse. 
Sec. 319. Reform of family attribution rules. 
Sec. 320. Amendments to increase benefit accruals under plan for previous plan 
year allowed until employer tax return due date. 
Sec. 321. Retroactive first year elective deferrals for sole proprietors. 
Sec. 322. Limiting cessation of IRA treatment to portion of account involved 
in a prohibited transaction. 
Sec. 323. Review of pension risk transfer interpretive bulletin. 
TITLE IV—TECHNICAL AMENDMENTS 
Sec. 401. Amendments relating to Setting Every Community Up for Retirement 
Enhancement Act of 2019. 
TITLE V—ADMINISTRATIVE PROVISIONS 
Sec. 501. Provisions relating to plan amendments. 
TITLE VI—REVENUE PROVISIONS 
Sec. 601. Simple and SEP Roth IRAs. 
Sec. 602. Hardship withdrawal rules for 403(b) plans. 
Sec. 603. Elective deferrals generally limited to regular contribution limit. 
Sec. 604. Optional treatment of employer matching contributions as Roth con-
tributions. 
TITLE VII—BUDGETARY EFFECTS 
Sec. 701. Determination of budgetary effects.
TITLE I—EXPANDING COVERAGE 
AND 
INCREASING 
RETIRE-
MENT SAVINGS 
SEC. 101. EXPANDING AUTOMATIC ENROLLMENT IN RE-
TIREMENT PLANS. 
(a) IN GENERAL.—Subpart B of part I of subchapter 
D of chapter 1 of the Internal Revenue Code of 1986 is 
amended by inserting after section 414 the following new 
section: 
‘‘SEC. 414A. REQUIREMENTS RELATED TO AUTOMATIC EN-
ROLLMENT. 
‘‘(a) IN GENERAL.—Except as otherwise provided in 
this section— 
‘‘(1) an arrangement shall not be treated as a 
qualified cash or deferred arrangement described in 
section 401(k) unless such arrangement meets the 
automatic enrollment requirements of subsection (b), 
and 
‘‘(2) an annuity contract otherwise described in 
section 403(b)(1) which is purchased under a salary 
reduction agreement shall not be treated as de-
scribed in such section unless such agreement meets 
the automatic enrollment requirements of subsection 
(b). 
‘‘(b) AUTOMATIC ENROLLMENT REQUIREMENTS.—
‘‘(1) IN GENERAL.—An arrangement or agree-
ment meets the requirements of this subsection if 
such arrangement or agreement is an eligible auto-
matic contribution arrangement (as defined in sec-
tion 414(w)(3)) which meets the requirements of 
paragraphs (2) through (4). 
‘‘(2) ALLOWANCE
OF
PERMISSIBLE
WITH-
DRAWALS.—An eligible automatic contribution ar-
rangement meets the requirements of this paragraph 
if such arrangement allows employees to make per-
missible 
withdrawals 
(as 
defined 
in 
section 
414(w)(2)). 
‘‘(3) MINIMUM CONTRIBUTION PERCENTAGE.— 
‘‘(A) IN GENERAL.—An eligible automatic 
contribution arrangement meets the require-
ments of this paragraph if— 
‘‘(i) the uniform percentage of com-
pensation contributed by the participant 
under such arrangement during the first 
year of participation is not less than 3 per-
cent and not more than 10 percent (unless 
the participant specifically elects not to 
have such contributions made or to have 
such contributions made at a different per-
centage), and
‘‘(ii) effective for the first day of each 
plan year starting after each completed 
year of participation under such arrange-
ment such uniform percentage is increased 
by 1 percentage point (to at least 10 per-
cent, but not more than 15 percent) unless 
the participant specifically elects not to 
have such contributions made or to have 
such contributions made at a different per-
centage. 
‘‘(B) INITIAL REDUCED CEILING FOR CER-
TAIN PLANS.—In the case of any eligible auto-
matic contribution arrangement (other than an 
arrangement that meets the requirements of 
paragraph (12) or (13) of section 401(k)), for 
plan years ending before January 1, 2025, sub-
paragraph (A)(ii) shall be applied by sub-
stituting ‘10 percent’ for ‘15 percent’. 
‘‘(4) INVESTMENT REQUIREMENTS.—An eligible 
automatic contribution arrangement meets the re-
quirements of this paragraph if amounts contributed 
pursuant to such arrangement, and for which no in-
vestment is elected by the participant, are invested 
in accordance with the requirements of section