The DOL's proposal forretirement plans tracks closely with its regulation on AssociationHealth Plans. (Photo: Shutterstock)

When President Trump signed an executive order making expandedaccess to workplace retirement plans an official policy of hisadministration, many in the retirement industry held out hope theLabor Department would draft a proposal certifying Open MultipleEmployer Plans.

But the proposed regulation Labor released last week falls shortof the bipartisan endorsement of Open MEPs in several legislativeproposals currently in holding patterns on Capitol Hill.

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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.