In an Oct. 1 comment letter to the Department of Labor, the American Retirement Association raised several concerns with the proposed Pooled Plan Provider registration requirements under... Read More
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MEPs, PEPs & PPPs
BY Nevin E. Adams, JD | 10/5/2020
One of the most anticipated aspects of the SECURE Act —and one that has yet to take hold—is its “open” multiple employer plan structure, “pooled employer plans,” or PEPs. But how much impact will... Read More
BY Ted Godbout | 9/16/2020
A Sept. 11 workshop session at the 2020 NAPA 401(k) Cyber Summit addressed some of the key considerations for the potential wave of new products and strategies involving open MEPs, PEPs and “group of... Read More
BY Nevin E. Adams, JD | 8/21/2020
As the effective date for Pooled Employer Plans (PEPs) nears, the Labor Department has published a proposal regarding how the Pooled Plan Providers (PPPs) that administer those programs will be... Read More
BY NAPA Net Staff | 8/20/2020
Building on the opportunities created by the SECURE Act, Lockton has launched a new Outsourced Administrative Responsibilities (OAR) practice that will make Pooled Employer Plans (PEPs) the first... Read More
BY NAPA Net Staff | 6/24/2020
As the effective date for the new “open” multiple employer plans (MEPs) nears, a major insurer and professional services firm has announced the launch of a new offering.
Aon’s Pooled Employer Plan... Read More
BY NAPA Net Staff | 6/17/2020
The U.S. Department of Labor has just announced its Request for Information (RFI) on Prohibited Transactions involving Pooled Employer Plans (PEPs) under the Setting Every Community Up for Retirement... Read More
BY John Iekel | 6/11/2020
The American Retirement Association has provided the Department of Labor with some comments on dealing with potential issues regarding Pooled Employer Plans and Pooled Plan Providers... Read More
BY David Levine, JD | 4/30/2020
After years of waiting, the SECURE Act is law. Open multiple employer plans, generally referred to as pooled employer plans (PEPs) under the SECURE Act, can go live in 2021. So what does a plan... Read More
BY NAPA Net Staff | 3/11/2020
While it's not specifically spelled out in the SECURE Act, a key official with the Labor Department indicated that the agency anticipates issuing guidance to help implement the lifetime income safe... Read More
BY Brian Graff | 1/15/2020
Ironically, one of the most popular provisions in the SECURE Act also turns out to be one of the most controversial among industry professionals.
Specifically, that’s the provision regarding “... Read More
BY NAPA Net Staff | 12/19/2019
To understand a new law, it’s often helpful to read the actual law – especially since, in the case of the SECURE Act, we may well be waiting on IRS and DOL regulations for much of 2020. But what if... Read More
BY John Iekel | 10/31/2019
The American Retirement Association has submitted a comment letter recommending that the Department of Labor amend its regulations under Section 3(5) of ERISA in order to facilitate the sponsorship... Read More
BY NAPA Net Staff | 9/12/2019
As the industry once again seems to stand on the brink of action with regard to multiple employer plans (MEPs), we asked Summit Insiders to tell us where they stood on open MEP or asset pooling... Read More
BY John Iekel | 8/12/2019
Multiple employer plans (MEPs) figure prominently in many discussions about workplace retirement plans today. And with those discussions including changes that would expand their availability and use... Read More
BY John Iekel | 7/26/2019
The Department of Labor has issued temporary penalty relief related to certain Form 5500 requirements for multiple employer plans subject to ERISA §103(g). The relief is contained in Field... Read More
BY Ted Godbout | 5/23/2019
UPDATED: May 24, 2019, at 9:30 a.m. (ET)
One of the most consequential pieces of retirement security legislation in more than a decade has been approved overwhelmingly by the U.S. House of... Read More
BY NAPA Net Staff | 5/10/2019
New proposed legislation could help close the retirement savings coverage gap — and you can help make it a reality.
Small business owners face real challenges – costs, administrative burdens and... Read More
BY Ted Godbout | 5/6/2019
Open MEPs are most likely to succeed if they offer a variety of plan and fund options along with lower costs than small businesses are paying now, according to a recent study. ... Read More
BY Nevin E. Adams, JD | 5/3/2019
A reader notes, “the MEP topic at the NAPA 401(k) Summit sparked some interesting discussion among advisors during the peer session” – and did so again in this week’s NAPA-Net Reader Poll.
MEPs,... Read More
BY John Iekel | 3/18/2019
Multiple employer plans (MEPs) are not new. But what is new is the attention they are receiving and the possibility that they could be more widely available. A recent analysis offers a look at MEPs... Read More
BY Andrew Remo | 3/5/2019
Of late, we’ve been getting a lot of questions about legislation that would create open multiple employer plans (MEPs). Here’s the update.
Ever since the Department of Labor issued an... Read More
BY NAPA Net Staff | 2/6/2019
Retirement security got some much needed attention in bipartisan legislation introduced in the Senate this week.
The Retirement Security Act of 2019 was introduced by Sens. Susan Collins (R-ME),... Read More
BY Ted Godbout | 9/14/2018
Following a day-long and occasionally contentious markup session, on Sept. 13 the House Ways & Means Committee approved on party-line votes three tax bills as part of the Tax Reform 2.0 push... Read More
BY Ted Godbout | 9/11/2018
House Ways and Means Committee Chairman Kevin Brady (R-TX) has released the details of his tax reform 2.0 legislation, and it includes significant retirement savings changes, including multiple... Read More
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