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family savings act proposed to loosen retirement plan rules

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family savings act proposed to loosen retirement plan rules

following up on an executive order from president donald trump intended to boost retirement savings, house republicans introduced the family savings act, (h.r. 6757) on sept. 10, and the bill advanced through the house ways and means committee two days later as part of a package of bills that republicans are calling tax reform 2.0.like the senate's retirement savings and enhancement act (s. 2526), the family savings act would simplify defined-contribution retirement plan rules. one way would be to make it easier for small employers in different industries to partner in a common multiple-employer plan (mep) that would be less expensive and burdensome to administer than a single-employer plan. currently, only "closed" meps are...