Nearly half of the private sector labor force—or 55 million Americans—works for an employer that does not offer a workplace retirement plan.
The Setting Every Community Up for Retirement Enhancement, or SECURE Act, is designed to close that gap by relaxing existing restrictions on joining Open Multiple Employer Plans, which allow small employers to pool employees under one defined contribution plan, creating purchasing power by scale, and mitigating participating employers' fiduciary risk and administrative burdens.
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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.
