President Trump Issues Executive Order to Encourage Small Employers to Sponsor Retirement Plans | Practical Law
In an effort to expand retirement plan participation among employees of small and medium employers, on August 31, 2018, President Trump issued an executive order directing the Departments of Labor (DOL) and Treasury to consider proposing new regulations and guidance that would expand access to multiple employer plans (MEPs) and clarify MEP qualification requirements, reduce the cost of retirement plan notice requirements, and update the required minimum distribution (RMD) tables.