Between the “Setting Every Community Up for Retirement Enhancement Act of 2019" (the SECURE Act) currently under review in the House and the similar Retirement Enhancement and Savings Act of 2019 from the Senate, the stage is being set for small businesses to have more access to multiple employer plans (MEPs). MEPs allow unrelated employers, who would otherwise be too small to access competitive benefits packages, to Read More

Short for "Setting Every Community Up for Retirement Enhancement," the SECURE Act of 2019 (the “Act”) that recently passed through the House Ways and Means Committee, and the similar Retirement Enhancement and Savings Act of 2019 from the Senate, aim to make significant retirement plan upgrades. The bill passed through committee unanimously and quickly, and it contains a handful of improvements for 401(k) plans and a Read More

ERISA fiduciary breach cases regarding plan fees and other fiduciary problems have been in the news lately, especially as cases come up for trial and settle. Benefit plan administrators are watching these cases closely and trying to make proactive changes to the plans they administer to avoid future litigation. Recently, Tussey v. ABB, Inc., a long-standing case that was the first ERISA case to go to trial regarding Read More

In October 2017, President Trump signed an executive order that included a directive to the Department of Labor (DOL) to expand Association Health Plans (AHPs). AHPs are health plans that are offered to employer groups and professional associations in an effort to provide more coverage for small businesses. The DOL published a final rule governing AHPs in June 2018, expanding access to AHPs to small and single-person Read More