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National Association for the Self-Employed Statement on Signing of Retirement Security Executive Order

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Self-Employed “Deserve Greater Access to Critically Needed Retirement Savings Options,” says NASE President & CEO

WASHINGTON, D.C. – Today, National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-businesses, offered the following statement on President Trump’s signing of an executive order said to be opening multiple employer plans (MEPs) to small businesses and “expand(ing) access to workplace retirement savings plans for American workers.”

The executive order would no longer require small businesses to have formal business ties and instead would allow small, independent employers to join together through MEPs to offer workers access to 401k retirement savings plans.
“Small businesses and the self-employed community deserve greater access to critically needed retirement savings options,” said Keith Hall, president and CEO of the National Association for the Self-Employed (NASE).  “For decades, one-half of private sector workers have lacked access to an employer-sponsored retirement savings plan.  With limited retirement savings options, small businesses and the self-employed have consistently been hamstrung while seeking long-term financial planning opportunities.”

Hall continued, “Multiple employer plans are one option in helping pave the way for America’s small business community to enjoy the same retirement security available to the rest of our nation’s great workforce.”

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The National Association for the Self-Employed (NASE) is the nation's leading advocate and resource for the self-employed and micro-businesses, offering a broad range of benefits to help entrepreneurs succeed and to drive the continued growth of this vital segment of the American economy.

The NASE Next Biz Thing helps identify and connect our nation’s smallest businesses. Need small business help? Check out NASE’s Ask the Experts for advice or the NASE Minute for small business support.

The NASE is a 501(c) (6) nonprofit organization and provides big-business advantages to hundreds of thousands of micro-businesses across the United States. For more information, visit the association's website at NASE.org