Trump Moves To Ease Retirement Regs For Small Business
Law360 (August 31, 2018, 3:33 PM EDT) -- President Donald Trump on Friday signed an executive order intended to make it easier for small businesses to band together and offer retirement plans to their workers.
The order directs the U.S. Department of Labor to pass a rule expanding the circumstances under which a company can join a multi-employer plan, a type of retirement plan paid into by multiple companies. Current law requires businesses that participate in multi-employer plans to have a connection, like having the same union representation.
"Nearly half of Americans working in small businesses with fewer than 100 employees have not had access — believe or not...
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