These plans, also known as open multiple employer plans, allow small businesses to join together to offer defined contribution retirement savings benefits.
Tag: open multiple employer plans
President Trump on Friday called on the Department of Labor to consider the pros and cons of allowing small businesses to jointly offer retirement plans (open MEPs).
The investment firm calls on the government to pass numerous measures to expand access to retirement plans and boost participation and savings.
The Platinum 401(k) assumes the role of the ERISA 3(16) Plan Administrator, and Fidelis Fiduciary Management serves as the ERISA 3(38) Investment Manager.
The bill would facilitate lifetime income disclosure, clarify the current annuity selection safe harbor and expand access to multiple employer plans.