Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Phyllis Borzi, Assistant Secretary of Labor of the EBSA (Image courtesy of the Department of Labor)

A few weeks ago FiduciaryNews.com published an exclusive interview with Assistant Secretary Phyllis Borzi. In that article, Borzi expressed concern about the potential for fraud and abuse in Multiple Employer Plans (MEPs). This set off a major debate among those in the know. Was Borzi suggesting MEPs are more susceptible to fraud and abuse than the typical 401(k) plan? Or was it just an innocent caveat emptor argument that could be applied to almost any possible transaction? Talking heads weighed in with their interpretations and comments (see “Industry Thought-Leaders: 401(k) MEPs as Safe as Any Other 401(k) Plan,” FiduciaryNews.com, Oct. 8, 2013). 


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.