Section 110 Secure Choice 3

(a) Upon implementation of the Massachusetts secure choice savings program established pursuant to section 64H of chapter 29 of the General Laws, inserted by section 23, the Massachusetts secure choice savings board established pursuant to section 64G of said chapter 29, inserted by said section 23, shall provide written confirmation to the department of revenue.
(b) Upon receipt of the notice pursuant to subsection (a), the department of revenue shall immediately make publicly available a notice informing employers of the requirements of the Massachusetts secure choice savings program. The notice shall inform employers that rather than enrolling employees in the program, employers may sponsor an alternative plan, including, but not limited to, a defined benefit plan, a 401(k) plan, a Simplified Employee Pension (SEP) plan or a Savings Incentive Match Plan for Employees (SIMPLE) plan.
(c) Notwithstanding section 64J of chapter 29 of the General Laws, inserted by section 23, no penalty shall be assessed against an employer for noncompliance with section 64I of said chapter 29, inserted by said section 23, until 1 year after the department of revenue issues the notice required pursuant to subsection (b).