The Latest: Trump signs executive order on retirement plans
CHARLOTTE, N.C. (AP) — The Latest on President Donald Trump's executive order on retirement security (all times local):
3:45 p.m.
President Donald Trump has signed an executive order directing federal agencies to make it easier for small businesses to group together to provide their workers with retirement plans.
The White House says the order directs the Labor and Treasury departments to issue regulations to help businesses join together to offer Association Retirement Plans. Administration officials say high costs discourage employers from offering plans like 401(k)s at a time when surveys show workers worried about being able to live comfortably in retirement.