Washington D.C. capitol building with green light Labor’s limited authority under administrative law is cited as the reason for the final rule’s narrow interpretation. But does its subsequent RFI suggest otherwise? (Photo: Shutterstock)

The Labor Department’s final rule on Multiple Employer Plans that defines when a Professional Employer Organization or bona fide group or association of employers can sponsor a retirement plan will 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 what it could be and what it needs to be,” said Mason in an interview.

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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.

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