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Small Business Retirement Option at Risk in Health Plans Fight

Aug. 7, 2019, 9:40 AM

A courtroom fight over a Trump administration rule that expanded health insurance options for small businesses could also wipe out new retirement plan offerings for small businesses.

A recent Labor Department final rule allows more employers to band together to offer 401(k) plans to their workers, but it also includes a definition of “employer” that nearly matches the one a federal district court judge had already tossed out.

The administration is trying through its rule to expand retirement coverage to 38 million people, but litigation over a regulation that allowed small businesses to band together in associations to offer health...

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