Under legislative proposals currently being considered in Congress, non-related, unaffiliated employers could pool employees under one defined contribution plan. A regulatory proposal being finalized by the Labor Department is more restrictive. (Photo: Shutterstock)
New research from Empower Retirement shows the majority of small business owners that do not currently sponsor a retirement plan would consider joining an Open Multiple Employer Plan.
A survey of 305 employers with five to 250 employees shows 66 percent of employers that don't have a plan would consider joining an Open MEP within the next two years.
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