During a visit to Charlotte, North Carolina, President Trump signed an executive order that directs the Department of Labor to ease rules on MEPs—small business Multiple Employer Retirement Plans. He also told the Treasury Department to take a closer look into RMS requirements.
Think Advisor’s article, “Trump Orders Review of 401(k) Withdrawal Rules, New Rules for MEPs,” reports that Trump stated that this executive order is designed “to extend the incredible benefits of retirement savings accounts, such a big thing, to American workers employed at small businesses all across our nation”.