Tag: multiple employer plans (MEPs)

The bipartisan bill enjoys broad industry support; among other provisions, it would add flexibility for small businesses to join multiple employer plans.

Several commenters argued that without changes, the proposed rule would have little impact on expanding retirement plan coverage for American workers.

The agency has included revised instructions regarding disaster relief to reflect recent changes made to PBGC’s practice.

The majority of small business owners agreed that offering a retirement plan for employees is “the right thing to do."

The expanded distribution of the program seeks to take advantage of the Department of Labor’s recent focus on expanding MEP coverage, the firm says.

But 55% decided to take no action.

These plans allow small businesses to join together to offer defined contribution retirement savings benefits.

The Pension Benefit Guaranty Corporation says that mergers can protect the benefits earned by workers and retirees and extend the solvency of troubled plans.

One measure is to encourage MEPs by eliminating the “nexus” requirement.

To determine the impact of such a change, the firm performed a detailed analysis of two national multiemployer plans.

A hearing focused on four bipartisan proposals, but a couple of witnesses also urged passage of the Retirement Enhancement and Savings Act of 2018.

Eighty percent of American workers surveyed said they would like to hear congressional candidates discuss retirement security.  

Brodie Wood, SVP of healthcare, education and not-for-profit markets at Transamerica Retirement Solutions, discussed the efficiencies and benefits a closed MEP can offer not-for-profit 403(b) plans.

The news comes as a large number of ERISA lawsuits are playing out in the district and appellate courts across the U.S., testing whether 403(b) plan sponsors of...

In a wide-ranging interview with PLANADVISER, DCIIA leaders Lew Minsky and Peg Knox outline their lead policy priorities for the remainder of 2018, including a focused push around...

The newly created multiple employer plan (MEP) will help plan sponsors reduce their administrative burdens.