For retirement plan advisers, passage of open MEP legislation could change relationships with plan sponsors and providers, as well as create the need for new distribution models. There are many ...
Feeling overwhelmed by the idea of adding a retirement plan to your benefits package? Joining a Multiple Employer Plan (MEP) might be your solution. Designed for scale, this program can streamline ...
It's not what businesses know they know about 401(k) MEPs, it's what they don't know they don't know about 401(k) MEPs. I learned one of the biggest concerns was “Can my company leave the MEP if ...
Under MEPs, employers are still fiduciaries, but most of the burdens of administering plans can be offloaded to third-party providers. (Photo: Shutterstock) Last week, President Trump signed an ...
Open MEPs as detailed in the SECURE Act offer a structure for a small plan to get maximum fiduciary support, experts say, but the roles and responsibilities of all the parties involved can be hard to ...
The Ninth Circuit recently held that a multiemployer pension plan (MEP) cannot label unpaid contributions as “plan assets” so as to impose ERISA fiduciary status on persons controlling the payment of ...
A good 401(k) plan can be an attractive selling point for businesses looking to hire the best and brightest. However, smaller businesses may have a hard time establishing a 401(k) plan capable of ...
Recently, the Department of Labor (DOL) published final rules clarifying the circumstances under which “bona fide” groups or associations of employers and professional employer organizations (PEOs) ...
The DOL released final rules governing MEPs on July 31, 2019, which became effective as of September 30, 2019. In general, to quality as a multiple employer plan (MEP) under the final regulations, a ...
A participant in a multiple employer 401(k) available through the Coca-Cola Bottlers’ Association claims in a new lawsuit that excessive administrative and investment fees have eroded millions of ...