Small-business owners either want to keep their hands on things or they want to keep their hands off of things. In both cases, you have something to offer. (Image: Shutterstock)
On July 31, 2019, the DOL published a Field Assistance Bulletin regarding their final regulations on the establishment of 401(k) multiple employer plans (MEPs). It's not a perfect solution (although Congress may pass one by the time you read this). Still, it's a viable solution that makes the 401(k) MEP a more palatable option for plan sponsors too busy to take the time to understand all the compliance intricacies of the 401(k) environment.
If you're not in the 401(k) MEP game, the curtain is closing fast. There may not be much you can do in some circumstances, but there is something you can do in at least some cases.
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