Labor's limited authority under administrativelaw is cited as the reason for the final rule's narrowinterpretation. But does its subsequent RFI suggestotherwise? (Photo: Shutterstock)
The Labor Department's final rule on Multiple Employer Plans that defineswhen a Professional Employer Organization or bona fidegroup or association of employers can sponsor a retirement planwill do little to materially improve access to workplace plans,according to Kent Mason, a partner with Davis & Harman.
“The rule is only marginally helpful, and is far short of whatit could be and what it needs to be,” said Mason in aninterview.
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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.
