Multiple Employer Plan (MEP) 401K

A MEP 401k provides a cost-effective solution for small- to medium-sized employers that want to offer a retirement plan as an employee benefit.  A MEP provides a means for multiple plan sponsors to offer a retirement plan under the umbrella of single qualified plan.  Plan sponsors therefore gain economies of scale and subsequent cost savings, benefit enhancements and fiduciary consulting - perks generally reserved only for larger retirement plans!  

Employer Benefits

*  Plan sponsors are unrelated
*  Each sponsor has plan design flexibility
*  Low or no cost to start or convert a plan
*  Helps mitigate fiduciary liability
*  Full disclosure of all fees
*  No additional retirement plan audit fees (for plans with over 100 participants)
*  Comprehensive education motivates, complies & helps mitigate risk

Participant Benefits

*   Investment options from well known companies
*   Low entry cost
*   Convenient way to save for retirement on a tax deferral basis

Education & Communication

*   Customized enrollment and education materials
*   Participant call center and full online support
*   Incorporates "best practices"
*   Motivates action