Tag: Multiple Employer Plans (MEPs)
Changes to multiple employer plans (MEPs) are moving forward on two fronts – one legislative and one regulatory. While both efforts are designed to make MEPs more accessible for small employers, the proposed legislative changes far exceed the final rule recently released by the U.S. Department of Labor (DOL). As a reminder, MEPs allow employers…
The proposed legislation could boost lifetime income options in defined-contribution plans. It is great to see the re-emergence of the Retirement Enhancement and Savings Act (RESA) jointly sponsored by Orrin Hatch (R-UT) and Ron Wyden (D-OR). This proposed legislation mirrors a proposal that was approved by the Finance Committee in 2016 but died when Congress…
