Obama Looks to Add Pep to MEP.

The article reflects on the State of the Union address of U.S. President Barack Obama in January 2016 detailing his plan to increase the number of 401(k) plans at companies by helping small businesses to join with others to create a defined contribution multiple employer plan (MEP). It cites a study suggesting the percentage of respondents not prepared to cover retirement expenses. Obama's budget proposal also included part-time employees, tax breaks for small businesses, and unemployed people.