"[The Council is] very concerned that the recently finalized safe harbor for state-run arrangements takes a significant step backward by facilitating state laws that undermine the current retirement system by increasing the costs and complexity for employers that maintain retirement plans. Unless adjustments are made to the safe harbor to prevent such results, extending the safe harbor to additional jurisdictions with QPS-run arrangements will only subject existing plan sponsors to even more cost and complexity and further discourage new plan sponsorship."  MORE >>