Working Group III
The Group recognized that small- to medium-sized businesses have the lowest pension coverage rates in the country. To increase coverage in this important sector, the Group sought to develop a new kind of simplified multiple employer plan that shifts a portion of the administrative responsibilities from small- and medium-sized businesses to financial institutions, thus reducing some of the barriers to plan sponsorship. The group is also reviewing alternative methods for marketing savings initiatives including, community-based marketing techniques.
Working Group III recommendations in Covering the Uncovered.