CMC Pension Professionals
|
ESOP Administrator -- Sign-on bonus! Blue Ridge ESOP Associates
|
Experienced DC Administrator/ Reviewer MGKS
|
DC/DB Retirement Plan Administrator Steidle Pension Solutions
|
Carpenter Morse Group
|
401(k) Plan Administrator -- Sign-on bonus! Blue Ridge ESOP Associates
|
Definiti
|
Definiti
|
Quantech Pensions LLC
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
![]() |
![]() ![]() ![]() |
Webcasts > | Upcoming, by Date | Recorded |
Conferences > | Upcoming, by Date | Upcoming, by State |
Combined > | Upcoming, by Date | Recorded or Upcoming, by Sponsor |
View More Lorman Education Services Webcasts and Conferences
DOL Update on Multiple Employer Retirement PlansLorman Education Services |
Jan. 21, 2020 Recorded Online Webcast |
According to the Department of Labor (DOL), approximately 38 million private sector employees in the United States do not have access to a retirement savings plan through their employer. In response to Executive Order 13847, “Strengthening Retirement Security in America,” issued by President Trump in August 2018, the DOL issued a final rule allowing separate employers to join a single defined contribution plan to help reduce cost and administrative duties. The intent is to make it easier to establish a 401(k) or similar defined contribution multiple employer plan (MEP). This is great news for smaller employers who have been discouraged by the cost and complexity of running their own retirement plans, but with this new rule comes questions. How will this rule operate and affect businesses? What are the two authorized approaches for establishing an MEP, and how does an employer know which one is best for their business? What are the requirements under each approach? What should an employer consider when establishing an MEP and how can an employer stay compliant? This topic will address these questions and help businesses navigate the new rule, ensuring compliance. Finally, considerations as to what may lie ahead will also be addressed. Learning Objectives:
Faculty:
|