Multiple Employer Plan | MEP>ONE
Multiple Employer Plan | MEP>ONE
Retirement Plan Sponsors
A Multiple Employer Plan empowers small and mid-sized employers to pool together in a single retirement plan, providing economic benefits similar to the largest retirement plans in the country. Enterprises can establish or maintain a qualified retirement plan benefit for employees with reduced cost, lower fiduciary responsibility, lower personal liability, and with fewer company resources than a standalone retirement plan.
Why Consider a Multiple Employer Plan?
MEP>ONE provides several key advantages for small and mid-sized enterprises:
Lower Costs through Economies of Scale
Plan costs are spread across a larger participant base, reducing the individual cost for each employer.
Mitigate Fiduciary Risk
Fiduciary duties are outsourced to the plan advisor serving as an ERISA 3(38) investment fiduciary and 3(16) administrative fiduciary.
Reduced Operational Demands
An ERISA 3(16) administrator assumes many of the operational burdens on behalf of adopting employers, including participant eligibility, beneficiary tracking, and plan disbursements.
Increased Business Focus
Adopting employers use fewer resources to manage their retirement plan, affording more operational and financial resources to be focused on the business.
How We Work With Your Organization
Core Services for Adopting Employers
Administrative & Investment Services
- Integrated 3(16) administrative fiduciary services
- 3(38) investment manager services including risk-based models
- Integrated trust and custody services
- Digital access to all plan functions and information
- Payroll contribution tracking and integration
How We Work With Your Organization
Core Services for Employee Participants
Administrative, Investment, and Education Services
- Institutional investment lineup and pricing
- Full suite of participant educational materials
- Financial wellness program
- Integrated managed account services