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U.S. Chamber of Commerce Comments to DOL on Proposed Regulation for Automatic Portability
U.S. Chamber of Commerce 
[Opinion] May 7, 2024 "The Chamber supports automatic portability as a way to increase retirement savings. However, the Chamber is concerned that certain provisions in the Proposed Regulation would discourage automatic portability by making it more difficult for an automatic portability provider to operate and for a plan sponsor to participate in such a program.... [The Chamber is] concerned that number of provisions in the Proposed Regulation are not within the scope of the statute and how DOL may try to apply these provisions to other individual and class PTEs in the future." MORE >> |
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