Employers Could Ease Plan Costs Under Open MEP Proposal

Erin Turley predicted an Obama administration proposal that unrelated employers can form pooled 401(k) plans would “pave the way” for them to “create a ‘buying group’ for qualified retirement plan services resulting in greater economies of scale and lower costs for all participant employers.” Such a move, Ms. Turley continued, “could similarly alleviate much of the administrative burden currently placed on the individual plan sponsor.” Read the full article.