SAN DIEGO – The best odds of passing legislation that would pave the way to more multiple-employer plans could lie in the huge transportation bill that expires in late spring, the moderator of a NAPA 401(k) Summit panel said Tuesday.
If that doesn't work, bipartisan legislation has already been filed in both chambers of Congress that would make it easier for small businesses to join MEPs. There's also more sweeping retirement legislation proposed by Sen. Orrin Hatch, R-Utah, that would encourage the wider use of MEPs.
Just which of these legislative approaches actually sticks remains to be seen. Either way, the aim is to get regulators to issue rules that would protect employers in a MEP should one of the other participating employers fail to comply with plan requirements.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
