These days you hear a lot of talk about multiple employer plans, or MEPs (not to be confused with the troubled multi-employer plans, about which you also hear a lot of talk these days). In this week’s reader poll, we’d like to know what you think of MEPs – and if you think they’d have an impact on plan formation.
In 2014, the ERISA Advisory Council threw its support behind them, and in January 2016 the Obama administration said it wanted to extend MEP access to the private sector.
As 2016 drew to a close, the Retirement Enhancement and Savings Act of 2016 (RESA), a measure that would allow open MEPs for employees working for companies of all sizes and allow two or more unrelated private employers to adopt a defined contribution pooled employer plan (PEP), was passed unanimously with bipartisan support by a 26-0 vote out of the Senate Finance Committee.
While the concept seems unlikely to jump ahead of legislative initiatives like health care or tax reform, one never knows. This week, we’d like to know how you feel about MEPs, and whether you think they will make a difference in plan adoption, fees or your business.
You can reply to this week’s NAPA Net Reader Poll at https://www.research.net/r/97NYFPS.
And we’ll wrap it up for you here on Friday!
