How Do You Feel About MEPs?

These days you hear a lot of talk about Multiple Employer Plans, or MEPs (not to be confused with the troubled multi-employer plans, about which you also hear a lot of talk these days). 

In 2014, the ERISA Advisory Council threw its support behind them, and in January 2016 the Obama administration said it wanted to extend MEPs access to the private sector. As 2016 drew to a close, the Retirement Enhancement and Savings Act of 2016 (RESA), a measure that would allow open MEPs for employees working for companies of all sizes and allow two or more unrelated private employers to adopt a defined contribution pooled employer plan (PEP), was passed unanimously with bipartisan support by a 26-0 vote out of the Senate Finance Committee. 

While the concept seems unlikely to jump ahead of legislative initiatives like health care or tax reform, one never knows.

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* 1. How do you feel about the opportunities from MEPs?

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* 2. What do you think the odds are of a legislative solution for unrelated employer MEPs?

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* 3. If MEPs for unrelated employers were to be approved, what impact(s) do you think they would have (check all that apply)? 

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* 4. If a legislative solution for unrelated employer MEPs occurs, will you take advantage of MEPs in your business?

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* 5. If a legislative solution for unrelated employer MEPs occurs, would your clients be likely to take advantage?

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* 6. Any other comments on MEPS, approving MEPs, using MEPs, the impact of MEPs, or the implications of state-run auto-IRAs for private sector workers being able to use MEPs when the private sector can't (for unrelated employers), or life in general?

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* 7. What is your role working with retirement plans?

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* 8. What size plans do you PRIMARILY work with?

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* 9. Suggestions for future survey questions?

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* 10. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...

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