Senate bill · S. 1840 (119th Congress)
Retirement Investment in Small Employers Act
U.S. Senate
Sponsor: Margaret Wood Hassan (U.S. Senator for New Hampshire, Democratic)
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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Summary
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.
Summary from the Congressional Research Service. How we handle summaries
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Senate Committee on Finance · U.S. Senate
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Cosponsors
1
Cosponsors listed on Congress.gov, shown A to Z.
- Republican1
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Related bills
As identified by Congress.gov.
Full history
- May 21, 2025
Introduced
Introduced in U.S. Senate
U.S. Senate
- May 21, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
- May 21, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
- May 21, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.