How much will SECURE Act, Open MEPs improve retirement security?
What advisors, sponsors, and providers need to know about this game-changing retirement legislation.
“Take your medicine, you’ll feel better.” “Eat your peas, you’ll get stronger.” “Use this new shortcut, you’ll get there faster.” Sometimes getting ahead means venturing through a forest of unknowns. That’s where we’re at – or soon will be – when it comes to 401(k) MEPs.
Once the IRS finalizes its fix for the “one bad apple problem,” it’ll be open season for trade associations, Chambers of Commerce, and other affinity groups to offer 401(k) MEPs to their member companies. Of course, to do this, they’ll need to become the plan sponsor.
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