The American Retirement Association, whose broad membership consists of service providers and plan sponsors, strongly supports immediate 401(k) plan funding relief that will allow plan sponsors to continue to provide a retirement plan for their rank and file workers.
The American Retirement Association has been actively engaged with Congress and the appropriate Regulatory Agencies to ask for various forms of retirement plan relief. The Department of Labor, Department of Treasury, and the Internal Revenue Service have broad authority over retirement plan administration and collectively these Agencies have been responsive in times of national emergencies.
Below you will find a list of resources providing more detail on both our legislative and regulatory relief priorities: