Ascensus Supports Representative Neal's Reintroduced Auto IRA Bill

Expanding access to retirement savings is essential for millions of workers, and Representative Richard Neal’s (D-MA) Automatic IRA Act delivers a clear path forward. This proposal builds on the success of state‑facilitated auto‑IRA programs by introducing federal standards for automatic enrollment, complementing private‑sector plan options and simplifying the process for employers to offer effective retirement savings solutions. Ascensus supports this common‑sense step to close the retirement savings gap, strengthen long‑term retirement readiness, and improve financial resilience for workers and their families.