Comment letters on the DOL MEP proposal reveal a sharp dissension between industry stakeholders and the country's largest consumer advocacy for retiree interests. (Photo: Shutterstock)
The comment letters on a Department of Labor multiple employer plan (MEP) rule intended to increase access to workplace retirement plans reveal a sharp dissension between industry stakeholders and the country's largest consumer advocacy for retiree interests.
The DOL is currently considering the letters as it finalizes the rule, drafted under the direction of an Executive Order issued by President Trump. “It shall be the policy of the Federal Government to expand access to workplace retirement plans for American workers,” the Executive Order states.
To that end, Labor establishes conditions by which employers can join multiple employer plans, which allow groups of employers to achieve economies of scale by pooling workers under one defined contribution retirement plan.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
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.
