Private Sector Pensions: Federal Agencies Should Collect Data and Coordinate Oversight of Multiple Employer Plans

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Our Price: $25.00

By Charles Jeszeck (au)
Year: 2012
Pages: 55
Binding Paperback
ISBN 978-1-4578-4022-7

Product Code: 1457840227

Description

GAO has reported that millions of U.S. workers lack access to employer-sponsored pension plans and that some small businesses, which offered plans at lower rates than large businesses, may be deterred by the cost of plan administration. Private sector multiple employer plans (MEPs), a type of pension plan maintained by more than one employer, have been supported as an option that could expand coverage by lowering administrative costs. This report examined (1) the characteristics of private-sector MEPs; (2) the advantages and disadvantages of MEPs and how their perceived advantages are used to market them; and (3) how the Internal Revenue Service (IRS) and the Department of Labor (DOL) regulate MEPs. Tables and figures. This is a print on demand report.

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