"[An] interpretive bulletin, effective immediately, allows states to sponsor retirement multiple employer plans (MEPs) for employers operating in the state. This would stand in sharp contrast to the DOL's long-standing reluctance to enthusiastically embrace the use of these so-called 'open' MEPs for otherwise unrelated employer retirement plans. 'Both pieces of guidance are misplaced attempts by the Administration to promote coverage by giving marketplace advantages to states as retirement plan providers, with no reasonably apparent policy justification to suggest states are somehow going to do a better job providing retirement plan products,' said American Retirement Association CEO Brian Graff."