Final ARP Rule Opens Door for More Employers to Offer Retirement Plans

Overview


Erin Turley commented on the Department of Labor’s new rule for multiple employer retirement plans. “The rule is likely going to be significant for PEOs [professional employer organizations] because it clears up a grey area under which they have been operating,” Turley said. “Previously, they only had a safe harbor to operate under the IRS code. Now, they can operate under ERISA [the Employee Retirement Income Security Act]. This will give PEOs and their clients peace of mind.”