Senate Bill 3471 Would Greatly Expand Multiple Employer Plans in 2020

U.S. Senator Orrin Hatch has introduced the Retirement Enhancement Savings Act (RESA) of 2016 in the U.S. Senate. It is widely anticipated that this bipartisan legislation will be included in the Continuing Resolution Bill that is expected to be signed into law on December 9, 2016.

RESA will greatly expand multiple employer plans for unrelated employers beginning with the 2020 plan year. I was interviewed by Investment News last week on the developments: Read More…