Capitol building in Washington D.C. Questions remain as to the language—or lack of language—in the SECURE Act that would allow existing retirement plan service providers to be fiduciary sponsors of Open MEPs, according to Phil Waldeck, president of Prudential Retirement. (Photo: Shutterstock)

The nearly unanimous vote to pass the SECURE Act out of the U.S. House of Representatives has industry stakeholders optimistic that the largest retirement bill in more than a decade will ultimately be signed into law.

Last week, the Senate attempted to “hotline” the bill, which would have effectively moved the SECURE Act to a unanimous consent vote in the upper chamber.

Recommended For You

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.