Make It Easier for Companies to Offer 401(k)s
Congress should let small employers band together to give employees access to a common retirement plan.
Just before Labor Day, President Trump issued an executive order directing federal agencies to consider two significant reforms for retirement plans. The first would make it easier for small employers to band together to offer employees access to a common plan. The second would update the mortality tables to reflect longer life-spans, which would slow down the rate of distributions from most retirement plans.
In October the Labor Department responded by proposing a limited expansion of 401(k) plans for multiple employers—limited...