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Labor Department Unveils Plan for Affordable Retirement Coverage

Labor Department Unveils Plan for Affordable Retirement Coverage
Secretary of the U.S. Department of Labor Alexander Acosta speaks onstage during the 2018 Concordia Annual Summit in New York City on Sept. 25, 2018 Riccardo Savi/Getty Images for Concordia Summit
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—The Trump administration has unveiled a new plan that would expand retirement coverage opportunities for millions of small businesses.

The Department of Labor on Oct. 22 released a new rule that allows small companies to band together to offer 401(k) plans to their employees. Through the Association Retirement Plans, small businesses will gain access to affordable workplace retirement coverage.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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