credit period with respect to any eligible employer is the 3-taxable-year period beginning with the first taxable year for which the employer includes an eligible automatic contribution arrangement (as defined in section 414(w)(3)) in a qualified employer plan (as defined in section 4972(d)) sponsored by the employer. (B) Maintenance of arrangement No taxable year with respect to an employer shall be treated as occurring within the retirement auto-enrollment credit period unless the arrangement described in subparagraph (A) is included in the plan for such year. (3) Not limited to new plans This subsection shall be applied without regard to subsection (c)(2). . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2019. 112. Exemption from required minimum distribution rules for individuals with certain account balances (a) In general Section 401(a)(9) is amended by adding at the end the following new subparagraph: (H) Exception from required minimum distributions during life of employee where assets do not exceed $50,000 (i) In general If on the last day of any calendar year the aggregate value of an employee’s entire interest under all applicable eligible retirement plans does not exceed $50,000, then the requirements of subparagraph (A) with respect to any distribution relating to such year shall not apply with respect to such employee. (ii) Applicable eligible retirement plan For purposes of this subparagraph, the term applicable eligible retirement plan means an eligible retirement plan (as defined in section 402(c)(8)(B)) other than a defined benefit plan. (iii) Limit on required minimum distribution The required minimum distribution determined under subparagraph (A) for an employee under all applicable eligible retirement plans shall not exceed an amount equal to the excess of— (I) the aggregate value of an employee’s entire interest under such plans on the last day of the calendar year to which such distribution relates, over (II) the dollar