Labor's final rule notes the SECURE Act's progress,and its language on Open MEPs, which regulators say issignificantly different from their final rule. (Photo: MikeScarcella/ALM)
The Labor Department has released a final rule on MultipleEmployer Plans that it says “could” offer small businesses moreaffordable and less burdensome retirement plans, and level theplaying field for employees of small businesses by getting themaccess to lower cost savings plans.
The final rule tracks closely with last year's proposed rule inthat it stops short of creating Open MEPs, which allownon-affiliated businesses to band together to create one retirementsavings plan.
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