What The Future of Multiple Employer Plans Looks Like

[LarkspurRixtrema]

On October 22, 2018 the U.S. Department of Labor announced about the Notice of Proposed Rulemaking. The Proposal was a response of the DOL to the President’s Executive Order signed on August 31, 2018 and aimed at liberalization of the Multiple Employer Plan (MEP) rules. In the Executive Order the President asked the DOL to consider issuing new rules and guidance to make it easier for businesses to participate in Association Retirement Plans (the term the Executive Order uses to refer to MEPs). Furthermore, new policies should expand access to retirement plans for part-time workers, sole proprietors, working owners allowing them to participate in MEPs.

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