Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Expanding Multiple Employer Plans Seen Boosting Retirement Savings

June 21, 2016, 10:47 PM

Retirement policy is an area of great division among Democrats, Republicans, industry and consumer groups, but loosening the requirements on multiple employer plans is one idea they all agree would encourage more small businesses to offer plans and give more people the ability to save.

Many small businesses don’t offer retirement plans because of the costs, complexities and concerns about fiduciary liabilities, witnesses said at a roundtable hearing held June 21 by the Senate Health, Education, Labor, and Pensions Subcommittee on Primary Health and Retirement Security.

A MEP is a qualified retirement plan maintained by more than one employer. Unlike ...