Labor’s ‘MEP-Lite’ Proposal Rooted in Legacy of MEWA Fraud

Overview


Erin Turley commented on the Department of Labor’s proposed new regulations regarding retirement plans. “A new regulatory definition is just one part of the retirement puzzle. Here the DOL has changed its definition of ‘employer’ for purposes of relaxing the commonality requirements–the ‘common nexus’ requirement,” she said. “This alone does not impact the qualification rules or the fiduciary framework of the Internal Revenue Code and ERISA.”