group of people According to theDOL, there were 647,019 single-employer defined contribution planssponsored by employers in 2015. Of those, 568,622 were plans withfewer than 100 participants. Only 80 of those plans were multipleemployer DC plans. (Photo: Shutterstock)

The prospect of removing existing barriers to employerparticipation in Open Multiple Employer Plans could quicklyimpact millions of existing participants in small and midsized401(k) plans.

“It would bring instant gratification,” said Louis Harvey,president and CEO of DALBAR, a Boston-based consultancy to thefinancial services industry.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.