Expert Q&A: Impact of DOL’s Proposed Safe Harbor on State-Based Savings Programs on Employers and the Private Retirement Plan Market | Practical Law

Expert Q&A: Impact of DOL’s Proposed Safe Harbor on State-Based Savings Programs on Employers and the Private Retirement Plan Market | Practical Law

An Expert Q&A with Groom Law Group, Chartered’s Michael P. Kreps, discussing the Department of Labor (DOL) proposed safe harbor for certain state-based savings programs (SSPs) established pursuant to state payroll deduction programs. The safe harbor would exempt certain SSPs from treatment as a pension plan under the Employee Retirement Income Security Act of 1974 (ERISA). This Expert Q&A focuses on the key takeaways from the DOL’s proposal and important implications for companies doing business in states in which SSPs are operating.

Expert Q&A: Impact of DOL’s Proposed Safe Harbor on State-Based Savings Programs on Employers and the Private Retirement Plan Market

by Practical Law Employee Benefits & Executive Compensation
Law stated as of 15 Dec 2015 • USA (National/Federal)
An Expert Q&A with Groom Law Group, Chartered’s Michael P. Kreps, discussing the Department of Labor (DOL) proposed safe harbor for certain state-based savings programs (SSPs) established pursuant to state payroll deduction programs. The safe harbor would exempt certain SSPs from treatment as a pension plan under the Employee Retirement Income Security Act of 1974 (ERISA). This Expert Q&A focuses on the key takeaways from the DOL’s proposal and important implications for companies doing business in states in which SSPs are operating.