(Photo: Mike Scarcella/ALM)
Now that the SECURE Act has passed out of the House and Senate and will become law once President Trump signs next year's spending package tomorrow, regulators will be called on to facilitate implementation of the retirement bill's many provisions.
One of the most critical provisions of the law—the Open Multiple Employer Plan provision—will allow unaffiliated employers to band workers under one defined contribution plan, creating economies of scale and offloading much of the fiduciary liability that sponsors of retirement plans carry today.
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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.
