Thank you, Mr. Adler.
That is exactly what we heard when we first started looking at the challenges we were facing in the fall of 2008 with the federally regulated defined benefit pension plan, and we subsequently made improvements to that.
We heard loud and clear from many people who came to our pension consultations on exactly that. They told us they didn't have anything to offer their employees. They came pleading for us to develop something that is easy, not onerous, for them to use.
So part of the concept is to provide this. It's a simple process, and we've seen some concepts of how simple this may be for an employer to enrol his or her entire staff electronically. There are some options out there that may be electronic: a simple online enrollment to line this up for your employee.
That's what businesses need. They need something simple. We've been working at getting rid of red tape. We don't want to add more red tape or take them away from their focus of business. But the responsibility is on the plan administrator and not on the small business person.
It won't just be for small businesses, but we think it will be a great option for exactly who you were referring to.