Preston Rutledge, the head of EBSA Preston Rutledge, the head of EBSA (Photo: Shawn T. Moore/DOL)

Besides prioritizing the executive orders that were issued by President Donald Trump late last year on strengthening retirement security, the Labor Department is zeroing in on missing participants, with “sub-regulatory guidance” for plan sponsors in this area in the works, Preston Rutledge, assistant secretary for Labor’s Employee Benefits Security Administration, said Tuesday.

Speaking at the National Institute on Retirement Security policy conference in Washington, Rutledge said that since his arrival a year ago, Labor’s “regulatory priorities are driven” by the executive orders, which address two issues: Clarifying and expanding the ability to offer multiple employer plans, or MEPs, and “to complete a review of action” on required retirement plan disclosures for participants.

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