Sweeping retirement legislation is likely coming soon
InvestmentNewsOctober 02, 2018
Sweeping retirement legislation appears to be on the way. With more than one-third of private-sector employees lacking access to retirement plans, there is strong bipartisan support for action to make plans more accessible and enhance features of 401(k) plans.
Relaxed requirements for multiple employer plans and legal authority for pooled employer plans are the most prominently featured attractions of the Family Savings Act of 2018, as well as many of the dozen or so other retirement bills that have been introduced recently. MEPs and PEPs (a new version of MEPs for unrelated businesses) tackle the problem of inadequate access to retirement plans head-on and are a lock to be included in any final retirement reform that is passed.
