My favorite law school professor, Bernie Corr once said in hi advanced bankruptcy class that the reason we change the bankruptcy law every few years is to give bankruptcy law some business. If Professor Corr was an ERISA lawyer, he’d probably say the same thing about retirement plan laws. The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act)is the biggest change in retirement plan laws since 2006 and one of the biggest changes corners the “reinstatement” of open multiple employer plans (MEPs) through something called pooled employer plans (PEPs). This article is for plan providers such as yourselves who are thinking about how PEPs may or may not augment your retirement plan book of business with a lot of points to consider.
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