New DOL rule seen as next step toward open MEPs

Published Updated 8 Min Read

[Image credit: Bloomberg]

When the Department of Labor issued its final rule to expand access group retirement plans, it moved a step closer to what for many in the benefits industry is the ultimate dream: unfettered access to multiple employer plans.

On Monday, the DOL announced it will relax the regulations governing which employers can band together to offer a collective plan, and also issued a call for comments that could inform a new rulemaking procedure that would advance open MEPs.

Kenneth Corbin
Contributing Writer

Kenneth Corbin is a Financial Planning contributing writer in Boston and Washington. Follow him on Twitter at @kecorb.


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form