CHARLOTTE, NC (AP) -- President Donald Trump has signed an executive order to make it easier for small businesses to group together to provide their workers with retirement plans.
The White House says Trump will direct 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 worry about being able to live comfortably in retirement.
Trump delivered remarks and signed the directive at an event on Friday at the Harris Conference Center in Charlotte, North Carolina.
Trump will also headline a fundraiser for Republican congressional candidates Mark Harris and Rep. Ted Budd while he is in town.