The notice outlines methods sponsors may not use to counter the abuse of sidecar account matching contributions, instead asking for suggestions on how to limit abuse.
The uncertainty atop the Department of Labor is especially relevant amid the financial industry’s response to the controversial retirement security proposal.
A letter, signed by representatives from both sides of the political aisle, argues the proposed DOL rule changes are unnecessary and harmful to middle-to-low-income savers.
Morningstar argued that the DOL proposal would lower fees for smaller plans, while ACLI argued it would reduce access to annuity products for lower income savers.
The original rule, had it not been vacated by a federal court, would have significantly relaxed the parameters for creating an association health plan.