A Multiple Employer Plan (MEP) is a 401(k) solution where companies who share a common “nexus” connection can all participate in a master plan, while still maintaining plan customization at the adopting employer level.
The main benefits of an MEP come from harnessing the power of many. With multiple employer plans, the employers benefit from pooled plan provider resources. This leads to shared costs and reduced fiduciary liability, providing economical access to superior fund lineups. Fiduciary and administrative burden are also minimized.
Multiple Employer Plan levels the playing field between small and medium-sized businesses and large corporations, and allows for equality in retirement savings solutions for their employees.
These plans help smaller employers attract and retain top talent they may otherwise lose to an employer who can offer a more competitive benefits package.
For a MEP to operate, all participating employers must have a shared nexus, often facilitated by PEOs, which can serve as a plan sponsor. PEOs benefit from offering a MEP by:
By partnering with Slavic401k, your business can transform its approach to employee retirement benefits.
A Multiple Employer Plan mitigates the administrative burden and fiduciary liability typically associated with retirement plan assets, allowing smaller employers to focus on core business strategies while offering a defined benefit plan experience.
With the backing of a knowledgeable financial advisor and comprehensive plan administration, businesses can navigate the complexities of retirement benefit regulations with confidence.
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Advisory services provided by Slavic Mutual Funds Management Corporation, an SEC-registered investment adviser. Registration does not imply a certain level of skill or training on the part of SMF or its representatives. Administration and record-keeping services are offered through Slavic Integrated Administration. Both entities are collectively referred to as “Slavic401k.”
No content published throughout this site should be considered by the reader to constitute any type of investment advice. It is not the intention of Slavic401k nor should the reader assume that any reference herein to any particular investment, asset mix, security, portfolio of securities, transaction or investment strategy should be construed as investment advice. To the extent any of the content published as part of the Services may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. No chart, graph, or other figure provided should be used to determine which securities to buy or sell. Any specific questions that you might have concerning your individual investment decisions should be addressed to your personal investment advisor. Moreover, nothing herein should be considered as legal or tax advice. If you have any questions or concerns relative thereto, you should consult a qualified professional.
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