Private Sector Criticizes DOL Proposal to Let States Run Retirement Plans
The U.S. Department of Labor laid the groundwork for states to run ERISA-covered auto-enrollment individual retirement accounts and multi-employer retirement plans for people without workplace savings options, issuing proposed rules and an interpretive bulletin for that purpose. The so-called open MEPs give employers that don’t want to offer their own 401(k) plan a way to join with other companies […]
