Fifty-five million American workers don’t have a 401(k) or other retirement plan through their jobs, making them much less likely to save. Congress is now considering legislation to encourage employers to offer more retirement savings options, while making it easier for workers to save more – the Retirement Enhancement and Savings Act of 2018.

Ballard Spahr benefits lawyer, Brian Pinheiro, says, “the legislation would remove obstacles that have made it cumbersome and costly for small employers to band together to create a retirement multiple employer plan (MEP).”

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