Auto Reenrollment Legislation Reintroduced

Senators Tim Kaine (D-VA) and Bill Cassidy (R-LA), and Representative Kathy Manning (D-NC), have reintroduced the Auto Reenroll Act of 2023, bicameral legislation to permit plan sponsors to reenroll non-participating eligible employees at least once every three years unless the individual affirmatively opts out again.   

According to a press release, plans would be permitted to sweep as a group everyone who meets the requirements for reenrollment, rather than on each employee’s enrollment date, and need only provide this reenrollment opportunity to those who are not participating in the plan at all. Any progress on this legislation will be followed and shared.